The Treasury select committee correctly identifies business rates as unjustly bearing hardest on retailers, particularly small to medium enterprises. However, its suggestions for alternative taxation lack precision, which is vital if the UK is ever to move away from what is, despite its many failings, a financial lifeline for struggling local authorities.
Furthermore, with appeals against business rates reaching 69,000, it is vital for firms to waste no time in putting in appeals to the VOA.
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