Staffordshire news and blogs Sunday 22 July 2018
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News feature
Overhaul needed on business rates, warn property experts

22 Jul 15

COMPANIES could face a 60 per cent rate of tax by 2020, unless the Government transforms the business rates system, according to two major property trade bodies.

Business rates, charged on most non-domestic properties, do not tally up with current rents, which have increased just five per cent since 2000, warned the British Property Federation and the British Council of Shopping Centres. Rents remain lower than their peak in 2007.The business rates…

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