UKHospitality has greeted the launch of a new inquiry into the impact of business rates.
The Treasury Committee has launched an inquiry scrutinising how Business Rates policy has changed, including business rates retention, alternatives to property-based taxes, such as the proposed digital services tax, and how changes to rates could impact businesses.
UKHospitality Chief Executive Kate Nicholls said: “A thorough examination of the effects of business rates has been a long time coming. The system is now completely out of date, doesn’t reflect the realities of business in the 21st Century and disproportionately cripples hospitality.
“This is a positive sign that business rates is still very much on Parliament’s agenda, despite the Brexit distraction, and rightly so. Only a complete overhaul of the system – as promised in the Conservative Manifesto – will ensure high street businesses, and hospitality employers in particular, are finally going to be taxed fairly.”