A new bill that will drastically reduce the rate relief on empty properties
and net £900m for the
Treasury is due to
be published tomorrow.
The measure, which was included in the Budget, has been introduced to put
empty shops, office blocks and factory buildings back into use,
Empty commercial property currently attracts 100% rate relief for three
months and then 50% from then on. Under the new rules business rates will apply
after six months for factories and three months for other properties.
have criticised the move as a stealthy tax hike by the government.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...