Tax Hikes Not Welcome
Are they ever? Business rates are about to jump, in many cases by 25-40 per cent or more in the City. Rates are revalued every five years, and those that are due to come in from April 2010 are based on rents from April 2008 – the height of the property bubble.
The rateable value of the office space used by companies will be based on those over-inflated rents.
Ouch.
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Are they ever?
Business rates are about to jump, in many cases by 25-40 per cent or more in the City. Rates are revalued every five years, and those that are due to come in from April 2010 are based on rents from April 2008 – the height of the property bubble.
The rateable value of the office space used by companies will be based on those over-inflated rents.
Ouch.
