Tuesday, March 31, 2009

Wonder where the tax rises will come from then?

Darling cuts business rate rise

Chancellor Alistair Darling has gone back on plans to increase business rates by 5% from 1 April. Mr Darling said the rise was linked to the Retail Prices Index last year, but RPI inflation had now fallen to zero.

Posted by flintster1994 @ 05:43 PM (593 views)
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6 thoughts on “Wonder where the tax rises will come from then?

  • mark wadsworth says:

    Yup, they’ve gotta help those poor landlords who would otherwise struggle to increase the rents they charge.

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  • Hmmm is that a final final decision or just a final decision??
    Maybe time to scrap business rates altogether so we can compete with our European and FarEast rivals, who are not so saddled….

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  • Dead Spider says:

    Business rates are usually paid by the tenant , if occupied .

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  • bidin'matime says:

    Mark, it’s normally the tenant that pays the business rates.

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  • mark wadsworth says:

    Bidin’, legally yes, but economically Business Rates are borne by the landlord.

    In other words, in areas where they cut Business Rates as a gimmick (which the UK government does from time to time) all that happens is that rents go up.

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  • business rates are paid for by all manner of people in business, not the landlord, the sort of people who pay business rates are everyone from the corner shop, pub, sweetshop, department store, call centres, garages, plus the business gets zero back from their rates unlike the council tax. Business does not even get rubbish removed, this has to be paid for. Business rates are a tax on business simple as, as a small retail business I have to pay £10,000 a year on rates for which we get nothing in return, now if I could keep that £10,000 a year it would mean we would not have to lay of staff in the current climate.

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