Office Providers Urged to Sign Petition
The Business Centre Association (BCA) has been joined by the British Property Federation (BPF) in calling for Empty Property Rates (EPR) to be raised, with the pressure of property levies on unoccupied office space and other commercial property costing UK businesses and estimated ┬ú400m each year.
Having been slashed by 85% from a threshold of ┬ú18,000 to just ┬ú2,600 by the Coalition Government in April 2011, the BCA argue that the extra burden placed on it members through the change is stifling economic growth and could pass additional burdens on the thousands of start-up and SMEs which utilise serviced office space each year.
Adding their voice to the campaign, BPF Chief Executive stated that this tax burden was having a ΓÇ£damaging impactΓÇ¥ on the UK economy and acting ΓÇ£like a ball and chainΓÇ¥ on the drive toward economic recovery and future growth.
Urging office providers, small businesses and ΓÇ£anyone who cares about the vitality of the British EconomyΓÇ¥ BCA Executive Director Jennifer Broker explained:
ΓÇ£We must act fast if we are to achieve changes before the next Budget. We need at least 100,000 signatures to ensure that a debate can be tabled in the House of Commons.ΓÇ¥
Sign the petition: CLICK HERE