Tag : business rates
Government postpones business rates revaluationSubscription
The business rates revaluation due in 2021 has been postponed because of the Covid-19 pandemic.
The retail sector has called on chancellor Rishi Sunak to withdraw “disastrous” legislation that would bring forward the next revaluation of business rates to 1 April 2021.
Debenhams warns on Welsh store closures Subscription
Debenhams’ chairman has warned the Welsh government that if it does not reverse its U-turn decision on business rates relief then the majority of its Welsh stores will not reopen after the coronavirus lockdown, putting around 900 jobs at risk.
Saving fashion retail's workforceSubscription
Retailers are laying off staff as they shut their stores, and ordering others to work from home to stop the spread of the Covid-19 coronavirus
Paul Moran, head of business rates at property firm Mason Owen, discusses the latest business rates developments.
High street retailers have banded together to call on the chancellor to suspend business rates bills as a form of immediate assistance against the impact of coronavirus.
Bigger indies 'frustrated' by Budget Subscription
Independent retailers across the UK have welcomed the business rates suspension announced in this week’s Budget, but claim it is “unfair” to have dismissed the bigger independents and multiple retailers also occupying the high street.
Ebay’s UK boss has entered the business rates debate by calling for online retail to “pay its fair share” of tax and urgent reform of the rates system.
18,000 retail jobs lost in two monthsSubscription
Over 18,000 jobs have been lost and 1,211 stores closed in the retail sector during the first two months of 2020.
'Crunch time' for business rates, say retailersSubscription
UK retailers have told Drapers that business rates are becoming an increasing burden on their store portfolio decisions, and called on the government to act to support investment and save the high street.
Insolvency costs hit seven-year highSubscription
The amount paid out by the government’s insolvency service has risen to its highest level in seven years, news figures obtained by property adviser Altus Group show.
Revo puts pressure on business rates reviewSubscription
Revo, the representative body for the UK retail property sector, has called on the government to “act swiftly and radically” in its promise to fundamentally review the business rates system.
100 Shoe Zone stores at risk over business ratesSubscription
The boss of Shoe Zone has warned that the footwear retailer may be forced to shut 100 stores if there is no reform to the business rates system.
Frasers Group calls for business rates reform Subscription
Frasers Group, formally known as Sports Direct International, has backed the British Retail Consortium’s business rates campaign calling for the government to “significantly modify” the current system.
Retailers call for transitional relief reformSubscription
More than 50 high street retailers have written to the Chancellor calling for urgent action on business rates reform, having lost £500m to transitional relief since 2017.
Scottish indies welcome business rates rulingSubscription
Scottish independents have welcomed the Scottish Parliament’s decision to retain the Uniform Business Rates (UBR).
The Institute of Directors has called on the government to offer a relief on rates for expanding businesses – in a bid to encourage entrepreneurism in growing companies.
Businesses could face a further four-year delay before business rates appeals are “resolved”, property consultancy Colliers International said today
Shoe Zone chief executive Anthony Smith has called for the government to change the business rates system and reduce parking charges on the high street.
Industry welcomes business rates proposalSubscription
Small businesses, including shops, restaurants, hairdressers, and pubs, will have their business rates halved next year, the Queen’s Speech to Parliament revealed today.