Friday 12 August 2016

More aggressive taxing of UK business

The UK Valuations Office has slipped out a corker during the quiet summer period with the Olympics on.

From January 2015 (yes, retrospective) occupants of any building that does not have direct access between floors will be separately rated rather than treated as one joint rental. This leads to a much larger tax bill. Even if you rent and office and use the common parts, stairs/lifts etc, it won't count.

And this is retrospective. Helpfully, businesses wont knowhow much they owe until the VAO gets around to telling them.

Honestly, what a shoddy way to approach tax collection. It is highly aggressive in the extreme.


Anonymous said...

Sounds like a policy from the Brown years!

Anonymous said...

Central government, stealth taxes and squeezing the life blood out of the UK economy, will these fuckers never learn?.....rhetorical device ladies.
That, big government and paying for it: is the greatest enemy of and kills enterprise and thus stymies employment - its generation.

What will Hammond do?

He could............

the first thing is to greatly diminish business rates for SME's

and rein in councils,
bin the recycling lunacy,
rescind the carbon floor price,
and any number of other bonkers green initiatives [carbon assessments] et bloody cetera,
allay employers National Insurance contributions for all small business,
plus bin the equality agenda for all companies employing under 100 employees.

Shove the VOA where the sun don't shine.

Electro-Kevin said...

Under a majority Tory administration, of all things.

James Higham said...

The principle of retrospectivity really stinks. There's always its brother, revisionism, hanging about as well.

Dick the Prick said...

@EK & CU

It's a new maths. I am not one of life's winners but I'm with BE; so much going right that the rest can fuck off. It's a rare economic time; stable government in the face of wankers - and that's all it's about.

Love to fam


Electro-Kevin said...