FOR IMMEDIATE RELEASE
The business lobby organisation, the Forum of Private Business welcomes the Government's announcement that it proposes to review Business Rates and introduce more transparency.
Business Rates represent a material financial burden on small, high street businesses and in supporting the Government's line, Ian Cass, Chief Executive of the Forum is looking for reassurances that the current Business Rate relief for small businesses will not be diluted, and also that the overall business rate bill for the business sector will not be increased as part of the exercise.
Commenting, Ian Cass said, 'A fairer and transparent business rate regime is much needed and the proposed review is to be welcomed. Whilst 600,000 businesses appear to be in line for lower bills, at the same time we have to ensure that the opportunity is not taken to increase the overall tax take, and that the current exemptions are continued as these represent a major part of whether a businesses makes the important growth step from home working to a structured business model with employees.'
The government is requesting responses to their consultation by 26 October.
About Forum of Private Business
The Forum of Private Business is a not-for-profit comprehensive business support organisation founded in 1977. Our membership is spread throughout the UK and primarily made up of companies that employ between 1-50 employees, helping them to manage employees, saving time, giving advice, support and protection where a business needs it.
We are a recognised leading authority on business issues and represent the interests of business owners on many consultative bodies. We have built a solid reputation, being influential in many areas of policy-making, in changing laws that affect small businesses, and we continue to campaign for the fair treatment of businesses within the UK.
Everything we do is about making sure our members’ businesses operate profitably. This means that every penny we make goes back in to supporting our members, providing the support and resources that will enable businesses to flourish and grow.
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29 Aug 2018 14:15
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