TaxCorporate TaxBusinesses facing local council tax threat

Businesses facing local council tax threat

Parliamentary committee pushing for extra levy

Businesses in the UK could be hit by supplementary business rates if local
councils are allowed to levy a supplementary local business tax of up to 10%.

The move is being proposed by the
Communities and Local Government
Committee
, which has said local authorities should be allowed to charge
businesses in their areas a supplementary business rate.

This could see businesses faced with a combined extra tax bill of £1.5bn,
while British Retail Consortium
director-general Kevin Hawkins warned the proposal could cost high street stores
as much as £500m a year

Further reading:

HMRC and big business: how long will the honeymoon
last?

Chancellor promises fair tax policies for all

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

2m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter