Businesses in the UK are subject to a wide variety of costs inculding Labour, Property, Taxation and Energy.
For many companies in the UK, staffing costs are their single largest category of expenditure. In addition to paying your staff’s salaries, you are also required to pay National Insurance and to contribute to workplace pensions.
The cost of renting commercial property in the UK depends on its quality and location. Average monthly rents in Edinburgh as of 2014 are £6/m2 for industrial units, £23/m2 for office units and £131/m2 for retail units.
You must be aware of what business taxes you will need to pay to HM Revenue & Customs (HMRC). The taxes that you owe will depend on your business legal structure, turnover and business activities.
The supply of utilities in the UK is highly deregulated and the majority of services are provided by the private sector. Water and sewerage charges are highly variable and will depend in large part on the scale of your water needs. Telephone and broadband charges are also highly variable, with a basic package beginning at around £25.00 per month.