Business pushes for rates reform
The CBI has called for a series of domestic changes to taxes and rules to promote innovation and enterprise in the UK, including a review of business rates as well as measures to reduce the overall tax burden on companies. Meanwhile, an alliance of retailers and SMEs has written to all three leading political parties calling for "fundamental reform" of business rates. The letter, orchestrated by the British Retail Consortium, proposes more frequent revaluations of properties on which the tax is based and a change in the inflation indexation from RPI to the lower CPI from next year.
Source: The Times (04/05/2017)