Practice group news

Takeover laws in need of reform, says Business Secretary
2 March 2010

Insolvencies see slight fall
5 February 2010

Acquisitions of insolvent firms on the rise, figures show
29 January 2010

Timetable announced for phase-out of cheques
22 December 2009

Number of business insolvencies falls
21 December 2009

Rankings success for B P Collins
20 November 2009

Business Rates Supplements Bill changes 'would help economies'

23 June 2009



MPs have been criticised by the CBI for rejecting proposed amendments to the Business Rates Supplements Bill, which it said could have made a real difference to regional economies. The bill proposes to give local authorities across the country the power to levy a supplement on the business rate then hold back some of the proceeds to develop the economy.

However, the CBI suggested that amendments be made in order to allow companies to vote on how the money is used for infrastructure projects, which were then rejected by MPs. John Cridland, CBI Deputy Director-General, said: "We had called for sensible changes that would have ensured more effective local government spending. They would have helped avoid unnecessary, misguided tax supplements that could lead to further job losses."

The Lyons Review into Local Government, released in March 2007, revealed that the levies on supplementary taxes could equate to £800 million a year.

B P Collins' team of experienced corporate and commercial lawyers understand that clients expect pragmatic and commercial solutions. We are committed to building long term relationships that help our clients businesses to grow.

Please contact our legal team on 01753 279022, complete the online enquiry form or email commercial@bpcollins.co.uk.


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