Tag : business rates
Conservatives pledge to help 'left-behind' towns Subscription
The Conservatives have pledged to reduce business rates for small businesses in a bid to help ‘left-behind towns’ if they win the general election.
Fashion retailers are calling for urgent action following the Treasury select committee’s report on business rate reform.
MPs condemn 'broken' business rates system Subscription
The retail industry has welcomed a new Treasury select committee report on business rates, which identifies a number of flaws in the current system.
Retailers to face £137m business rates hikeSubscription
Retailers will have to pay an extra £137m next year after it was confirmed that inflation costs will increase by 1.7% in 2020/21.
Chancellor ‘missed a trick’ on business ratesSubscription
Chancellor Sajid Javid’s debut spending review has been met with disappointment over its lack of action on business rates.
Total UK business rates could be increased by £662m next year, if the current rate of inflation (2.1%) does not change before September’s CPI figure is released.
The government’s Future High Streets Fund will not go far enough and the money should instead be used “to remove downwards transitions and reduce the [business rates] multiplier”, a reteil property expert has claimed.
100,000 business rates appeals lodgedSubscription
English councils are expected to collect £25bn in business rates this year, despite more than 100,000 English businesses appealing their rates since the April 2017 revaluation.
More than 50 high street retailers have demanded the government launches “a wholesale review of business taxes to create a tax regime fit for the 21st century”, in a letter to chancellor Sajid Javid.
Around 190,000 non-domestic premises in England, including shops, pubs and restaurants, were taken to court for non-payment of their business rates during the 2018/19 financial year, new research by Altus Group has found.