Budget 2016: Retention of business rates for London | KPMG | UK

Budget 2016: Full retention of business rates for London will help cement its world class position

Budget 2016: Retention of business rates for London

News that London will be allowed to keep all the business rates it generates earlier than planned is a necessary move to compete on the world’s stage.


Also on KPMG.com

Commenting on the news today that the Greater London Authority has been permitted full retention of its business rates from 2017 - three years earlier than previously planned – which was announced in today’s budget, Kru Desai, head of government at KPMG in the UK, said:

“Bringing forward the date at which London gets to keep the business rates it generates by three years is an important move in cementing the capital’s position as a world class city.  Many of the capital’s competing cities around the world enjoy similar fiscal autonomy so this is a necessary move for London to secure its place among the global elite.”


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KPMG Press office

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Margot Cowhig, KPMG Corporate Communications

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E: Margot.cowhig@kpmg.co.uk

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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 




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