UK Music calls for bringing forward of rates review
Chancellor Philip Hammond needs to "press the fast-forward button" on an "urgent review" of business rates to safeguard the UK music sector, says CEO Michael Dugher
News By IQ | 14 March 2018
UK Music chief executive Michael Dugher has urged the chancellor of the exchequer to bring forward his planned review of business rates, saying many UK venues and recording studios are still “reeling” from last year’s rates increase and may not survive until 2021.
Delivering his spring statement yesterday, chancellor Philip Hammond announced that a planned revaluation of business rates – the tax levied on non-residential property in the UK – would be brought forward a year, to 2021. The…
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