Bulletin

Firms to 'pay the same' even after rates review

newspaper

The Treasury's review of business rates, announced yesterday, has been called into question as it will be fiscally neutral, meaning the amount generated from the tax will remain the same. Business rates generated £20bn for the Treasury in the last financial year but businesses claim the levy is outdated, blocking investment and damaging high streets. Helen Dickinson, director-general of the British Retail Consortium, welcomed the review but called for an independent figure to review the findings. British Property Federation chief executive Melanie Leech said: 'We would urge all parties to consider a wider definition of what is 'fiscally neutral', considering how rates may change from year to year but still raise a similar amount across the business cycle, or through the greater economic activity that business rates reform will encourage.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin

Where Next?