43 min
Are business rates killing the high street? IFS Zooms In: The Economy
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- News Commentary
Business rates are charged on non-domestic properties, such as shops, offices, pubs, factories and warehouses, and raise around 3% government's revenue.
At the start of the COVID pandemic, the government waived business rates for most businesses in the retail, hospitality and leisure sectors. But the tax will start again from summer. As the high street reopens, we ask what effect business rates have on our high streets, whether they should be reformed, and whether we need a new tax on online retail to level the playing field.
This week, we speak with Helen Miller, IFS tax expert, and Helen Dickinson, CEO of the British Retail Consortium.
Support the IFS: https://www.ifs.org.uk/about/membership/individual
Hosted on Acast. See acast.com/privacy for more information.
Business rates are charged on non-domestic properties, such as shops, offices, pubs, factories and warehouses, and raise around 3% government's revenue.
At the start of the COVID pandemic, the government waived business rates for most businesses in the retail, hospitality and leisure sectors. But the tax will start again from summer. As the high street reopens, we ask what effect business rates have on our high streets, whether they should be reformed, and whether we need a new tax on online retail to level the playing field.
This week, we speak with Helen Miller, IFS tax expert, and Helen Dickinson, CEO of the British Retail Consortium.
Support the IFS: https://www.ifs.org.uk/about/membership/individual
Hosted on Acast. See acast.com/privacy for more information.
43 min