15th May 2008
New business legislation will force small firms to "pay twice" for the services they need, the Association of Convenience Stores (ACS) has said.
Announced as part of the government's Draft Legislative Programme yesterday, the Business Rates Supplement Bill would allow 'upper tier' local authorities to levy a supplement on business rates. The revenue raised would then be invested in the local area, for example in transport infrastructure projects.
The upper limit of the supplement would be 2p per £1, and properties with a rateable value of £50,000 or less would be exempt.
"Yet again the Government is introducing a new tax burden for local businesses," said ACS' chief executive, James Lowman, who pointed out that Business Development Districts"(BIDs) already provide means to raise funds for local investment.
He concluded that "once again hard-working businesses are being faced with the prospect of paying twice for the services they should expect from their local authority as a matter of course".
Shop owners slam "extra" business rates
Announced as part of the government's Draft Legislative Programme yesterday, the Business Rates Supplement Bill would allow 'upper tier' local authorities to levy a supplement on business rates. The revenue raised would then be invested in the local area, for example in transport infrastructure projects.
The upper limit of the supplement would be 2p per £1, and properties with a rateable value of £50,000 or less would be exempt.
"Yet again the Government is introducing a new tax burden for local businesses," said ACS' chief executive, James Lowman, who pointed out that Business Development Districts"(BIDs) already provide means to raise funds for local investment.
He concluded that "once again hard-working businesses are being faced with the prospect of paying twice for the services they should expect from their local authority as a matter of course".
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