Friday, December 3, 2021

Tag: vince cable

Pressure grows on Hammond for rates redress

Phillip Hammond, government, Vince Cable, tax, government
There are growing calls for the chancellor to level the taxation playing-field between the high-street and online retailers, after it became clear that British companies will pay an additional £728m in business rates next year. The increase reflects a 2.4 per cent rise in inflation, and is set to bring next the total bill levelled at UK business next year...

Bugger the business rates, says Cable

Vince Cable
The latest policy document from the Liberal Democrats wants to do-away with business rates completely, placing the burden of commercial property taxes squarely with land-owners. The Liberal Democrats have laid-down a new plan to abolish the current system of business rates in favour of land-value taxation on commercial property owners. In his introduction to the new proposals, Lib Dem leader...