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Cap business rates say MPs - another tax battle for the Chancellor

The Government faces a big public row over plans to axe child benefit for higher-rate tax payers, and a second battle over Lib Dem plans for a "mansion tax".

But there's another row which has been slightly less well-publicised, this time over plans to increase business rates by 5.6 per cent in April.

The increase is based on the retail price index for September last year. But some Tory and Lib Dem MPs argue that the 5.6 per cent figure was a "spike" in the RPI, and businesses should not suffer a major tax rise because inflation was high for a short period last year.

Read more http://feedproxy.google.com/~r/birmingham-post/news/jonathan_walker/~3/iEH2Jo5v6f4/cap-business-rates-say-mps---a.html


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