Business alliance signs letter on business rates reform

Business alliance signs letter on business rates reform

03 May 2017

Revo, along with a number of other trade bodies, are co-signatories to a letter sent to the three political parties to make the case for fundamental reform of the business rates system. 

The challenges businesses face as the UK negotiates its future relationship with Europe has made reducing the burden of business rates and fundamentally reforming the system even more critical. How the next Government decides to address the complexity and unfairness of the existing system is therefore a key question for businesses. 

 

Fundamentally this means three things for the next Government:

- Look across the business taxation system to ensure fairness, and incentivise growth and investment.

- Increase the frequency of revaluations beginning in 2020 alongside a straightforward valuation process.

- Move business rates to CPI indexation beginning in 2018, with a flat rate beginning in 2020.

 

Signatories:

Revo

British Retail Consortium

British Chambers of Commerce

Federation of Small Businesses

Assoc. of Licensed Multiple Retailers

British Property Federation

British Beer and Pub Association

Association of Convenience Stores

 

Read the full letter here