Budget 'levels the playing field' for small businessespublished at 17:31 Greenwich Mean Time 31 October 2018
Budget debate
House of Commons
Parliament
Conservative MP Kevin Hollinrake says small businesses are at an unfair disadvantage, "with headwinds that many big businesses simply do not have to cope with".
He says digital business spends around 0.6% of turnover on business rates, compared to high street businesses who pay around 2.3% whilst also having to compete with the likes of Amazon, Apple and Google, who are able "to avoid paying their share of tax".
Therefore he welcomes the business rate reduction for small businesses, along with the digital services tax.
"Our job is to level the playing field, not to pick winners, and his actions in leveling the playing field do exactly that."