PracticePeople In PracticeFDs oppose business rates hike

FDs oppose business rates hike

The Big Question: Would your business pay additional business rates for certain services?

A resounding majority of UK finance directors oppose the levying of additional business rates to fund extra services with only 18% expressing support for the proposal, according to this week’s Accountancy Age/Reed Accountancy Personnel Big Question.

Many of 71% respondents who expressed opposition to the proposal, put forward in a Department of the Environment green paper published last week, preferred to remain anonymous. But a typical comment was: ‘We couldn’t trust our local council to make right decisions allocating resources.’

A more positive note was sounded by Steve Crook, FD of Montell UK. ‘I would need to know what the money was going to be spent on, but if it was local environmental issues then I would be more than happy.’

The paper proposes an additional supplement of up to one per cent extra per year on business, subject to approval by the business community.

The precise arrangements are as yet unclear, but are unlikely to become law before the next election.

Links

More on this story

DETR website

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

6m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

6m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

6m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

10m Emma Smith, Managing Editor