Moreover, as a property tax it is grossly inequitable as the connection with income is tenuous. Likewise, with the antediluvian non-domestic rates paid by businesses based on ancient rentable and rateable values. As it is calculated according to property values, no account is taken of turnover, gross or net profits.
Isn’t it time for a cross-party review of council tax and business rates especially the latter?
Now with e-trading, a business such as secondhand car sales operating from home could have turnover and profits that dwarf high street shops. This economic change needs political action to bring assessors’ departments into the electronic age.
Old Chapel Walk