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Liberal Democrats will scrap business rates

November 23, 2019 10:26 AM
By Rugby Lib Dems

Rans Das Gupta Parliamentary Candidate (Jerry)The Liberal Democrats would replace business rates in England with a Commercial Landowner Levy based solely on the land value of commercial sites rather than their entire capital value, thereby stimulating investment, and shifting the burden of taxation from tenants to landowners.

The change would cut taxes in 92% of local authorities and help rebalance the UK economy. This would take the cost off businesses and help to support our high streets.

The Commercial Landowner Levy would also give a big boost to the manufacturing sector and make it cheaper for all businesses to invest in renewables or other new technology for their premises.

Commenting, Liberal Democrats Parliamentary Candidate for Rugby & Bulkington, Rana Das-Gupta, said:

"Liberal Democrats are committed to helping small businesses, who are the engine of our economy. That is why Liberal Democrats would scrap business rates and replace them with a Commercial Landowner Levy.

"By scrapping business rates entirely it will shift the burden from the tenant to the landlord, so that we can breathe new life into our high streets in Rugby and across Warwickshire.

"We have seen enough promises of reviews of business rates from the Conservatives. It is time for clear action that will give proper help to our small businesses."

Liberal Democrats manifesto

https://www.libdems.org.uk/plan