The next Labour government will ensure city and county regions, like this powerhouse economy in Leeds, get
control of business rates revenue so that any extra money raised here... can be invested here.
HM Treasury: Business rates review — Summary of responses: the Government announced a
review of business rates at Autumn Statement 2014, and the terms of reference for the review and a discussion paper were launched at Budget 2015.
I can confirm today that the Greater London Authority will move towards full retention
of its business rates from next April, three years early.
The reintroduction
of business rates for shooting and deerstalking estates, announced as part of a series of «radical» land reforms by Scottish First Minister Nicola Sturgeon, could ultimately have a huge impact on businesses providing shooting and tourism opportunities.
The Chief Secretary to the Treasury Danny Alexander has defended the Government's plan to allow councils which give fracking the go - ahead to keep 100 per
cent of the business rates they collect.
Nick Bourne, Conservative leader in the Welsh Assembly, called for businesses with a rateable value of # 10,000 or less to be taken
out of business rates altogether, and tapered relief for businesses worth up to # 15,000.
And any government preparing for a Budget in the current climate should be looking at the
burden of business rates, especially as they fall on small businesses on this country.
And to support all ratepayers, including larger stores who face tough competition and who employ so many people: we will radically simplify the
administration of business rates, and from 2020, switch the uprating from the higher RPI to the lower CPI.
Eluned Parrott, Welsh Liberal Democrat Shadow Business Minister, has accused the Business Minister of costing Wales jobs due to uncertainty over the
future of business rate relief for charities.
«Only a
fraction of the businesses rated on Angie's List can claim a sterling service record on being a Super Service Award Winner because we set a high bar,» said Angie's List founder Angie Hicks.
The UK's Valuation Office Agency (VOA) is calling on the sector to engage with the
development of business rates that will be applied to energy storage projects in 2022, including those attached to subsidy - free solar farms.
In keeping with the Government's promise to those entities doing business at UK ports the Localism Bill which had its first reading in the House of Commons on the 13 December 2010 includes an amendment to Section 49 of the Local Government Finance Act 1988 giving the Secretary of State powers to make regulations to grant relief from the
payment of business rates for premises in prescribed cases.
«The biggest impact of the
overhaul of the business rates system will be on large business in Central London with consequences not only for occupiers but also for landlords who are likely to find that significant increases in rates bills have a depreciating effect on rental income especially at rent review.
«In a country with not only the highest property tax in the world but one which is also facing an uncertain post-Brexit trading future, it is not surprising that the property industry is disappointed that the Chancellor did not announce a further
rethink of business rates.»
Labour will give
control of business rates to local councils so they can collect the revenue themselves, rather than it being redistributed from the current central pool, Ed Miliband is expected to announce.
Commenting on the Scottish Government's response to the report of the Barclay
Review of Business Rates, Moira Kelly, chair of the CIOT Scotland Technical Committee, said: «Last week, the first minister said that the Scottish Government would act «quickly» to take forward the recommendations of the Barclay Review.
Local authorities will be allowed to keep 100 %
of business rates from fracking sites, while local people could be handed up to one per cent of revenues in an attempt to head off opposition.
Commenting on the publication of the Barclay Review
of Business Rates, Moira Kelly, chair of the CIOT's Scotland Technical Committee, said: «Ken Barclay and his team have today fired the starting gun on the process of reforming Scotland's business rates system and presented the Scottish Government with an opportunity to lead from the front in enacting lasting, meaningful reform.