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UK Labour Party Proposes Freezing Business Rates and Increasing Digital Services Tax

|Proposed Changes|United Kingdom
United Kingdom

The UK Labour Party has published a conference speech delivered on 27 September 2021 by Rachel Reeves MP, Labour's Shadow Chancellor of the Exchequer. In the speech, Reeves set out Labour's approach to taxation, which focuses on making the tax system fairer, improving efficiency, and supporting high street businesses. Specific proposed measures include:

  • Freeze business rates in 2022 and increase the threshold for small business rates relief, giving small and medium sized businesses in all s…

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