For a small business renting a commercial property, this is hardly fair. The increased business rates they will have to pay next year reflect the increased value of their landlord’s property, not an increase in the value of their company. Given the volatile conditions that have followed the vote to leave the European Union, these businesses may well see their companies’ value decrease by April 2017. If business rates were only levied on property owners, regardless of whether they occupy the property, the tax regime would more fairly reflect the value that is being taxed.
Article source: http://www.huffingtonpost.co.uk/simon-pitkeathley/one-radical-reform-to-hel_b_12098526.html?utm_hp_ref=uk-politics&ir=UK+Politics