Legal

There will be a chance offered to have fields -for which there have not yet been issued building permits- been built conditionally that their owners will follow specific proceeds.

Short-term rentals may result in significant losses of public revenue due to the way they are taxed.

The new framework will be effective from January 1, 2023 onwards and in accordance with the public sector regime.

The initiative significantly improves cash flow, and bring cost savings for businesses, especially for SMEs, including retailers.

The decision represents a major and humiliating U-turn for new Prime Minister Liz Truss, who was insisting as recently as Sunday she was “absolutely committed” to the cut.