‘Urgent’ tax warning and demand for reform of charge branded ‘significant’ blow to UK PLC

A hotel chain boss has urged Jeremy Hunt to reform business rates to make the system fairer and more flexible.

Lionel Benjamin, co-founder of AGO Hotels, told Express.co.uk, said the rates system needs an "urgent revaluation" to make it correspond to the realities of running a hotel.

He said: "The Government now needs to reform the business rates system by introducing temporary reductions in business rates during off-peak seasons, enabling businesses to manage their cash flow more effectively.

"For the hospitality and tourism industry and the wider economy this current system is another significant hit on UK PLC.

‌"An alternative is for business rates to be performance-based, requiring a digitised system which can feed in from real data submitted by occupiers of properties."

Read the full article: HMRC tax warning with calls for change to business rates for fairer system | Personal Finance | Finance | Express.co.uk