Retail body proposes energy tax to replace business rates

The British Retail Consortium (BRC) has proposed a reform to the business rates system which could see energy efficiency become the basis for business rates, writes Lux Magazine.

Replacing the current business tax, based on property value, with taxes based on other measures including energy usage is one of four ideas proposed in a paper published by the BRC.

The new tax could be based on the amount of energy consumed in kWh, the paper suggests, and could be delivered by allowing the removal of tax in the Climate Change Levy.

Existing exemptions and reliefs would be carried over from the old system.

Read more on this story at Lux Magazine

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