Business rates must be reformed
Series: RICS Press Release ; (pr006) 27 January 2003Publication details: 2003Subject(s): Summary: UK businesses are paying about £3.5bn too much in business rates over a five-year period is the verdict of property research body OPD's report commissioned by RICS, the Institute of Revenues Rating and Valuation (IRRV) and the Rating Surveyors Association (RSA). It is the first comprehensive analysis of the real impact of the business rates system on businesses and revenue. It offers alternatives to the government's proposals for transitional arrangements schemes about to be debated in connection with the Local Government Bill. It aims to rectify the unfair rates suffered by small business since the phasing-in of the new rates bills three years ago.Full report is available at http://www.rics.org/downloads/research_reports/TRR_full_report_final.pdf ;executive summary at http://www.rics.org/downloads/static/TRR_exec_summary_final.pdfItem type | Current library | Call number | Copy number | Status | Date due | Barcode | |
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News article | London News article | WB3904-22 (Browse shelf(Opens below)) | 1 | Available | 121159-1001 |
UK businesses are paying about £3.5bn too much in business rates over a five-year period is the verdict of property research body OPD's report commissioned by RICS, the Institute of Revenues Rating and Valuation (IRRV) and the Rating Surveyors Association (RSA). It is the first comprehensive analysis of the real impact of the business rates system on businesses and revenue. It offers alternatives to the government's proposals for transitional arrangements schemes about to be debated in connection with the Local Government Bill. It aims to rectify the unfair rates suffered by small business since the phasing-in of the new rates bills three years ago.Full report is available at http://www.rics.org/downloads/research_reports/TRR_full_report_final.pdf ;executive summary at http://www.rics.org/downloads/static/TRR_exec_summary_final.pdf