BusinessGovernment & LegislationRetailers

UK Treasury rejects retailers’ business rates reform calls

The UK Treasury has today rejected calls from retailers who say business rates should be reformed to create a level playing field with online retailers.

During a meeting of parliament’s Treasury Select Committee, chancellor Philip Hammond said reforming international corporation tax was a higher priority for the government, adding that his department had already looked into business rates reform in 2016 and found “no consensus on an alternative base”.

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