A taxing problem

Think tank: New Economics Foundation

Author(s): Lukasz Krebel; Alfie Stirling; Sarah Arnold

November 9, 2023

This report from UK think tank NEF looks at reforming business rates in England.

The UK’s current business rates system is not fit for purpose – it is unfair, inefficient, and overcentralised. In this paper, we propose a new business rates system that combines a land value and a business property tax. Our proposed system is fairer, more efficient, and gives more control to local authorities.