The government has published a new set of guidelines for organisations, companies and individuals to lobby the Treasury ahead of the next Budget on March 8 - likely to be the focus of many in the lettings sector after the raft of recent legislation concerning buy to let.
In the past many organisations have expressed their wishes for Autumn Statements or Budgets through the form of press releases rather than direct contact with government: the new guidelines offers a formal process for achieving the latter if individuals or groups wish.
The guidelines for comments are fairly loose and are stated by the Treasury this way:
“In order to inform policy development for the Budget, your representation should contain policy suggestions for the upcoming fiscal event and explain the policy rationale, costs, benefits and deliverability of proposals. It should also be evidence based, providing clear arguments on how it contributes to the aims of the Budget.
“You may wish to consider:
- likely effectiveness and value for money
- revenue implications for the Exchequer
- wider macroeconomic implications (for economic stability and growth)
“Such as:
- sectoral impacts
- distributional impacts
- administrative and compliance costs and issues
- legislative and operational requirements
- environmental impact
“HM Treasury will not consider representations which are not practicable and/or that violate HM Treasury’s legal obligations, including but not limited to State aid, human rights and diversity.
“HM Treasury will delete representations which are inappropriate or offensive.”
Individuals have only until January 20 to submit comments via a survey form; groups or companies are encouraged to email the Treasury directly - although no deadline is given for this.
You can see the process set out in more detail on the government’s website here.
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Let's all get into that and tell him what will happen if S24 goes ahead! I'd like SDLT reconsidered too but I know thats not going to happen.
Re: Assurred Shorthold tenancy deposits:
It's complete nonsense to even have a cap at as little as two months rent when the same amount of clear notice is legally required to be given by the landlord.
The tenant will often stop paying rent at that point anyway, resulting in the landlord have no deposit at all to use to cover the cost of any damage chargeable to the vacating tenant.
Wouldn't four months rent be more equitableas rule of thumb for a deposit when taking an Assurred Shorthold tenancy?
re: assured shorthold tenancy deposits.
The comments highlighting the current issues with cash deposits.
If the proposal is to increase the level of deposits taken this would result in over
£7 Billion held in cash deposits!!
So what if the government has to administer over £7 billion in held deposits. Lucky them.
There is a huge burden which many private landlords are having to carry, when letting out property on such a massive scale.
Perhaps the deposits held could help wean the government off their ongoing quantitative easing drug which they still seem to be having quite a problem with, after eight years of mostly continuing use!
Don't forget by the way, landlords also have court application costs and solicitors fees to defray as well.
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