Trade Bodies For Uk Pubs And Hospitality Urge Revamp Of Business Rates | TS PartPosted by Liz Seyi on October 21st, 2021 The UK’s business rates system has long been a source of concern and frustration for many of the country’s small and large firms alike – and now, two key trade bodies have further spoken out in response to a recent Government consultation. What did the trade organisations say? The trade bodies in question – UK Hospitality and the British Institute of Innkeeping (BII) – called for the more frequent revaluations of business rates to help ensure the accuracy of bills. They added that the Government should not burden businesses with additional paperwork or make the process of appealing against decisions more difficult. Other demands made by the two trade bodies included for the Government to avoid asking firms for any extra information as part of any overhaul to business rates, as well as for the Valuation Office Agency (VOA) – which oversees the process – to improve its systems to enable a smoother process. “The current business rates system has long been unfit for purpose” It is hardly new for a UK Government to suggest it might revamp business rates; in reality, there have been few significant changes to the system over the years, with the country’s tax on commercial properties remaining one of the world’s highest. In a joint statement, the two trade bodies said: “The current business rates system has long been unfit for purpose and puts an unfair burden on pub and hospitality businesses. “However, the proposals are severely undermined by administrative burdens, limits on appeals and penalties. The Government is expected to respond to the consultation in the autumn. We’ll help place you in a better position for post-pandemic success Any organisation in the UK will naturally wish to thrive and achieve its growth goals as it plots its recovery from the COVID-19 crisis. To learn more about how TS Partners’ business Tax Services In Plymouth or Wellington could be instrumental in making this a reality for your own firm, please don’t wait any longer to enquire to our capable team of accounting experts.
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