FDs oppose business rates hike
The Big Question: Would your business pay additional business rates for certain services?
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
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleIn 2019, the a survey conducted by the FRC highlighted that only 17% of women held partner-level positions Read More...
View articleDains believes a corporate structure is the best way to maximise the benefits of its growth strategy Read More...
View articleBoth employer and employee will benefit from flexibility and cost-saving Read More...
View articleThere are nine key areas that accounting practices must get to grips with as client expectations and technological developments rise, while team membe...
View articleWhen employees publish opinion and statements on social and other online mediums, they may be leaving themselves open to interpretation of codes of et...
View article