UK Music calls for review of “damaging” business rates
Michael Dugher has asked chancellor Philip Hammond to scrap his planned 4% rates increase, warning the rise could prove "catastrophic" for already under-pressure venues
News By IQ | 16 November 2017
UK Music chief executive Michael Dugher has written to the chancellor of the exchequer, Philip Hammond, to ask for an urgent review of his plans to raise business rates, which the industry group says will disproportionately affect the music business and could leave many venues “fighting to survive”.
In the letter, Dugher warns that the planned 4% rise in business rates – the tax levied on non-residential property in the UK – coupled with the ‘revaluation’ announced in February, which has sent…
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