Ministers urge revision of ‘indefensible’ corporate tariff rules that penalize companies for improving their properties
Ministers have been urged to review the ‘indefensible’ corporate tariff rules that penalize companies for improving their properties.
According to the Federation of Small Businesses (FSB), businesses could be stabbed with higher rates for adding solar panels, recycling facilities and other green measures.
In addition, they can afford higher costs to implement improvements that make workplaces better for employees, such as bicycle sheds and air conditioning.
Shop around: Improving buildings can increase a property’s ‘taxable value’ – and drive up business owner’s bills
Such changes increase the “taxable value” of a property – and raise the business owner’s bills.
But the FSB said this means the current system is “harming small businesses that are trying to do the right thing.”
It wants the government to update the rules so that green improvements can be exempted from a property’s taxable value, as well as changes that improve working conditions.
The FSB also wants a total exemption from fees for childcare companies and a simpler appeal procedure.