Tag : business rates
Chancellor Philip Hammond has brought the next business rates revaluation forward by a year to 2021, in a move that has sparked mixed responses from the industry.
Retailers are calling for greater support from the government to revitalise the high street as footfall and sales continue to suffer amid rising business rates costs.
Business rates rises loom at 55,000 storesSubscription
More than 55,000 retail properties face a further business rates rise this April.
Business rates relief for small firms too slowSubscription
A £300m relief fund intended to provide business rates support to small businesses has been criticised for offering “false hope”, as it has been slow to pass on cash to businesses in need.
Rising costs and unsteady consumer confidence contributed to an increase in profit warnings and insolvencies last year, with the government warned it must take action to support the high street.
Business rates appeals plummet under new systemSubscription
The new business rates appeals system has come under fire after government data showed that the number of property owners contesting the tax has dropped.
Oxford Street stores will save little on their business rate bills when the rate calculation changes from the retail prices index (RPI) to the consumer prices index (CPI), property experts have warned.
Six shops a day vanishing from high streetsSubscription
Six shops a day have disappeared from British high streets over the past seven years, according to analysis of newly released government data.
Mary Portas calls for business rates freezeSubscription
Retail consultant Mary Portas has urged the chancellor to do more to tackle rising business rates.
Revo calls for Budget business rates capSubscription
Retail property organisation Revo has urged the government to bring in a 2% cap on the inflationary rise in business rates in the upcoming Budget.