Submitted on Monday 6th February 2017
Published on Monday 13th February 2017
Current status: Closed
Closed: Tuesday 2nd May 2017
Signatures: 17
For Brexit Success: Abolish Business Rates and Make Up The Difference in VAT.
UK Businesses are grossly overcharged in business rates without bearing on the revenue they generate. Almost 4% of UK GDP is from these rates, verses 0.65% in the rest of Europe. UK businesses have to charge more to compensate, making them less competitive. Move to VAT would level the playing field.
[1]http://moneyweek.com/its-time-to-abolish-business-rates/
[2]https://www.retail-week.com/topics/policy-and-legal/uk-has-the-highest-business-rates-bill-across-eu-says-report/5049347.article
[3]http://www.telegraph.co.uk/finance/11912104/George-Osborne-unveils-radical-business-rates-overhaul.html
[4]http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11815278/Business-tsar-backs-plea-for-business-rates-cut.html
For a small change in VAT the burden is removed from British Business.
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18.116.28.79 Thu, 26 Dec 2024 20:33:10 +0000
