UKHospitality has greeted the launch of a new inquiry into the impact of business rates.
The Treasury Committee has launched an inquiry scrutinising how Business Rates policy has changed, including business rates retention, alternatives to property-based taxes, such as the proposed digital services tax, and how changes to rates could impact businesses.
UKHospitality Chief Executive Kate Nicholls said, “A thorough examination of the effects of business rates has been a long time coming. The system is now completely out of date, doesn’t reflect the realities of business in the 21st Century and disproportionately cripples hospitality.
“This is a positive sign that business rates is still very much on Parliament’s agenda, despite the Brexit distraction, and rightly so. Only a complete overhaul of the system – as promised in the Conservative Manifesto – will ensure high street businesses, and hospitality employers in particular, are finally going to be taxed fairly.”