UK convenience stores demand lower tax burden
The British Association of Convenience Stores, a trade group of over 33,500 shops representing an industry worth over 37 billion British pounds, wants the UK authorities to reduce their tax burden.
“It is time for the government to accept that it cannot increase the revenue it takes from businesses through property tax year after year without choking off the investment we need in our high streets, parades and other local centres,” said the ACS Chief Executive James Lowman.
“High taxes are holding back the recovery and stifling entrepreneurialism,” said Simon Danczuk, chairman of All Party Parliamentary Small Shops Group, who backs the group’s request.
The group wants the government authorities to increase the threshold for qualification for the small business rate and also to limit to 2% the annual increases in business rates, according to a statement they released in early December.
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