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