David Flood
There is another tax bombshell heading towards British businesses which has received little attention. The 2010 review by the VOA of rateable values for business premises is taking place. The new rateable values will be based on rental values as at 1st April 2008, when the recession had only just started to bite, and ironically was the date that empty rate relief was removed. Some rateable values in London are expected to increase by up to 100% with significant rises elsewhere. Businesses should send a clear message to government that we cannot survive any more taxation. Rateable Values should be reduced to reflect the current market and to give businesses some meaningful financial assistance. Please consider signing up to our petition to bring this matter to the government's attention.
http://petitions.number10.gov.uk/
Business rates are a major overhead and the tax should be reduced to help British firms through this recession.
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