Posts Tagged ‘Property Week’

Jonathan Naughton response to Mark Prisk

Friday, January 31st, 2014

Mark,

Your opinion piece for Property Week (24 January) raises some interesting questions about how taxation of property could evolve from the current rating system.

You asked what is the difference in activity between a warehouse operated by Amazon and a “click and collect” store run by Argos? (more…)

Mark Prisk – Fifty-year-old rating system is showing its age

Friday, January 24th, 2014

Original article can be found on the Property Week website here

Being a fixed overhead, business rates don’t reflect the changing fortunes of a company. So when there’s a downturn, the rates bill bites even harder.

However, for government — central and local — this makes business rates attractive. While other tax revenues rise and fall with the economy, business rates provide the public sector with a steady flow of revenue — currently £26bn. So all governments are very wary of tinkering with the system. (more…)