Business rates reform call

Business rates reform call

Business rates could be consolidated into a single tax on companies, as part of wide-ranging proposals by the Centre for Policy Studies on simplifying costs for small firms.

Business owners currently face separate bills for VAT, business rates, national insurance and corporation tax. Home Secretary Sajid Javid will launch the think-tank report today, which found that if this rate of tax was set at 12.5 per cent it would raise just as much money as the four other taxes but would be much less complicated.

Telegraph (Business) p1, Mail p21, Mirror p6

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