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What reforms to business rates mean for firms in England
Chancellor reveals five-point plan to reform business rates in England.Online sales fall by 11.2% in year to October 2021
Early Christmas shoppers fail to materialise.MTD extension to cost taxpayers £1.5bn
4.2 million businesses and landlords affected.HMRC collects £27.9bn less tax
Tax revenues fall by 4.4% to £608.8bn.Bank of England resists pressure to raise interest rates
Interest rates maintained at 0.1%.37% of businesses report higher prices
Prices increase faster than usual in October 2021.New ‘cladding tax’ to start in 2022/23
Revenues to support removal of unsafe cladding.3 in 5 pension schemes fail to consider climate change
Investors are at risk of lower returns.Shipping firms that fly red ensign flag to get tax breaks
Other reforms to simplify the tax regime.Business rates relief for hospitality, retail and leisure in 2022/23
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