Rating in Brief
Rating in Brief (RIB) is a free newsletter which includes guest contributions from the Valuation Office, the Valuation Tribunal Sevice.
Welcome to the Spring 2010 issue of Rating in Brief.
With a general election just around the corner and a hung parliament looking increasingly likely, the three main parties’ respective policy commitments will undoubtedly come under greater scrutiny. The proposed localisation of tax-raising powers is one area of policy which affects all business rates taxpayers and therefore warrants further clarification.
Under a regime of devolved tax-raising powers, the thorny question of equalisation arises. The potential for local abuse of power is great, and it is likely that regional or national inequity will creep into the system.
Unfortunately, the political parties have failed to address these concerns to any great extent. Businesses deserve a better response from the parties.
With this in mind, I am delighted to have Dan Rogerson, Liberal Democrat Shadow Minister for Communities & Local Government describe, on page 3, his party’s perspective on localisation.
Also inside this issue:
- Time is right for self-assessment
- 4p supplement is a step too far!
- LibDems on localisation
- Taxing the future
As ever, I welcome your comments on any of the opinions presented in this issue.
Richard Wackett
Head of Rating
Telephone: +44 (0)113 297 6246
Previous issues:
Rating in Brief Issue 19
Rating in Brief Issue 18
Rating in Brief Issue 17
Rating in Brief Issue 16
Rating in Brief Issue 15
Rating in Brief Issue 14
Rating in Brief Issue 13
Rating in Brief Issue 12
Rating in Brief Issue 11
Rating in Brief Issue 10
Rating in Brief Issue 9
Rating in Brief Issue 8
Rating in Brief Issue 7
Rating in Brief Issue 6
Rating in Brief Issue 5
Rating in Brief Issue 4
Rating in Brief Issue 3
Rating in Brief Issue 2
Rating in Brief Issue 1
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