Tag : business rates
Fashion retailers across the UK need to prepare now for the 2017 rating revaluation, which will take effect in April, says Mark Higgin, partner and head of rating at commercial property adviser Montagu Evans.
New research has found 75% of international retailers would expand elsewhere rather than the UK because of a number of perceived barriers, the most significant being business rates.
What the fashion industry needs for 2017Subscription
As the festive hangover begins to fade and we step into the new year, here are the retail resolutions we would like to see being made and upheld for 2017.
The chancellor has been criticised for failing to address the burden of business rates in today’s Autumn Statement, as forecasts suggest next year is going to be even more challenging with slower growth and rising inflation.
Industry bodies are up in arms over a proposed change to the business rates regime, which will see certain appeals blocked even if the valuation was wrong.
Industry braced for ‘toughest year’ in retail Subscription
End of currency hedges coinciding with revalued business rates will lead to “terrible” second quarter.
Business rates 'bombshell' for central London Subscription
Retailers in central London have been hit the hardest by the government’s changes in rateable values, with some areas jumping by more than 400%.
The New West End Company has labelled proposed changes to business rates ‘catastrophic’ and warned companies in the area would have little time to adjust to rate hikes of up to 80%.
Business owners should oppose the government’s latest changes to business rates, outlined in its most recent consultation, a property planning expert has argued.
The UK’s business rates appeal system is grinding to a halt, a leading real estate company has warned.