News Blog

11 Jan 2018 | Filed under: Business, Energy, Uncategorized, Water

Mr. Moffitt’s Profits Times – January 2018

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Landlords

ARE YOUR RENTAL PREMISES UP TO SCRATCH WITH THE NEW 2018 REQUIREMENTS?

The Residential Landlords Association has issued helpful guidance for rental requirements starting on 1st April 2018. See link: https://www.rla.org.uk/landlord/guides/minimum-energy-efficiency-standards.shtml

The Department for Business, Energy & Industrial Strategy sets out the minimum level of energy efficiency required. See link: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/656541/Non-Dom_Private_Rented_Property_Minimum_Standard_-_Landlord_Guidance.pdf

Water Saving Tips for Business Customers

Waterwise has some excellent tips for saving water at work. They also offer a download pack which provides posters and infographics for your work place. See link: http://www.waterwise.org.uk/pages/at-work.html

Waterwise says,: “There are many benefits to reducing water consumption in the work place, it can help with more than just cost. It can help your business to comply with current and future environmental legislation, reduce its carbon footprint, improve your company’s environmental performance and generate positive PR. In commercial situations, major cost savings can be gained through installation of:  

  • urinal controls or waterless urinals
  • efficient flush toilets
  • automatic or sensor taps

 In addition to cost-savings from decreased water and energy bills, businesses investing in technologies and products that encourage sustainable water use may be eligible for tax savings though Enhanced Capital Allowance (ECA). The ECA website details the scheme and the Water Technology List.

Payment of Value Added Tax on Water Bills

Should you be paying VAT on your water bills? If your business activity falls within divisions 1 to 5 of the Standard Industrial Classification codes (i.e. manufacturing or engineering), you will be liable to pay VAT on your clean water services. The SIC codes used by Companies House can be found here: https://www.gov.uk/government/publications/standard-industrial-classification-of-economic-activities-sic

The Carbon Trust has issued energy efficient lighting advice for organisations, including guidance on energy-saving LED lighting.

They say, “Getting lighting right is important for the energy efficiency of a building and the well-being of its occupants. Up to 40% of a building’s electricity use is accounted for by lighting, while the right level and quality of light improves the alertness and accuracy of those working in it.”

See link: https://www.carbontrust.com/resources/guides/energy-efficiency/lighting/

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