The UK’s SMEs are calling for business rates to be made both simpler and more flexible. Overall, the figure stands at 71% wishing for changes, with businesses at the larger end of the scale feeling particularly frustrated.
Business Rates are a tax on business properties set by the government; they are collected by local authorities and are the way that those who occupy non-domestic property contribute towards the cost of local services.
Findings show that:
- 71% of SMEs want simpler and more flexible business rates
- 49% would like more government assistance
- 56% have seen rates rise over the past two years