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

29 September 2021

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Proposed Changes

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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 sectors a discount; and Increase the Digital Services Tax to 12% for 2022, to make sure online companies that have thrived during the pandemic are paying their...