The lower than expected uptake in a scheme that allows companies to defer
payment on business rates has prompted accusation from the Conservative party
that the policy is a “total fiasco”.
Launched in March the scheme has attracted little interest, according to the
Tory shadow local government minister Justine Greening is quoted in the
Times saying the scheme came too late for many small businesses.
The scheme allowed companies to defer part of the 5% rise in business rates
announced by the government over three years.
The Tories believe only 6% of companies have taken advantage of the scheme.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states