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Reform rural tax to spur rural revival The Chancellor can boost the rural economy and increase jobs and enterprise in the countryside by making some simple tax changes, says the Country Land and Business Association.
The CLA today sent a new tax report, "Reform to Perform", to the Treasury, which aims to support the Curry report and details recommendations which can eliminate antiquated tax anomalies for agriculture and rural businesses to unleash a wave of sustainable enterprise in the countryside.Sir Edward Greenwell, CLA President, said: "Successive budgets have concentrated on help to incorporated businesses, as if nearly 3 million unincorporated businesses were not important. Yet it is these unincorporated businesses that predominantly manage the natural resources and habitats of the countryside, provide jobs and rural housing, and generate tax revenues to the Exchequer. Rural businesses need: A tax system that recognises the mixed nature of rural business, often comprising a number of interconnected activities A coherent tax structure to encourage, rather than impede, desired rural diversification and rural entrepreneurship Fiscal recognition for expenditure that rural business incurs, without subsidy, to maintain and manage the countryside for the benefit of the public and the wider economy "Some of our proposals are radical and far-reaching, such as our first recommendation to remove what we see as outdated boundaries in the tax system between different economic activities. Businesses need to integrate management of land, buildings and other assets to generate jobs and incomes. "Other proposals are more specific but could have an immediate effect in removing some of the barriers that are hindering diversification of rural businesses - including those with tenanted holdings. For diversification to flourish there must be a level playing field so that diversification does not, of itself, lead directly to a tax disadvantage. "We also make recommendations to encourage expenditure on environmental management of assets, recommendations that will be of interest not only in a rural context, but also in urban areas. "The prize for removing these anomalies is huge - greater job opportunities, greater profitability and in turn higher tax revenues, greater investment in regeneration and increased commitment to environmental land management. Our aim is "reform to perform"." |
Contact Media Contacts Ollie Wilson T: 020 7460 7936
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More articles and documents [News Archive] [27 July 2011] GN11-02: Climate Change Levy as it affects rural businesses [Guidance notes] [16 December 2002] CLA58 - Succession planning for farmers and landowners [Advisory handbooks] [9 November 2010] Regional Economic Strategy Consultation: CLA Response [Consultation response archive] [6 April 2006] |
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