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Tag : business rates

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  • darlington high street

    Business rates cut by 'just' £10m from 2021Subscription

    News11 December 2019

    Business rates for retailers will be cut by just 0.03% from 2021 under Conservative spending plans, research by advisory firm Altus Group has found. 

  • drapers indie indicator index image

    Drapers Investigates: the independent retail crisisSubscription

    Features28 November 2019

    Drapers’ survey shows independent businesses are currently battling to survive amid high street headwinds, with more than a quarter reporting they are not profitable. It found that the survival of the independent sector will require significant action from local councils and wider government.

  • 3088742 christmas shoppers

    BRC 'welcomes' Tory business rates pledgesSubscription

    News25 November 2019

    The British Retail Consortium (BRC) has welcomed a promised review of the business rates system unveiled as part of the Conservative  manifesto.

  • boris johnson

    Conservatives pledge to help 'left-behind' towns Subscription

    News15 November 2019

    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.

  • Guildford high street

    Demands for 'level playing field' from business rates reportSubscription

    News1 November 2019

    Fashion retailers are calling for urgent action following the Treasury select committee’s report on business rate reform.

  • 3087799 3081664 highstreet

    MPs condemn 'broken' business rates system Subscription

    News31 October 2019

    The retail industry has welcomed a new Treasury select committee report on business rates, which identifies a number of flaws in the current system. 

  • halifax high street

    Retailers to face £137m business rates hikeSubscription

    News16 October 2019

    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. 

  • Ipswich town centre

    Chancellor ‘missed a trick’ on business ratesSubscription

    News5 September 2019

    Chancellor Sajid Javid’s debut spending review has been met with disappointment over its lack of action on business rates.

  • 3086775 marlboroughhighstreetbyanguskirk14546087668 d41c2cc24b o

    Retailers could face £169m increase in business ratesSubscription

    News2 September 2019

    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.

  • EB10

    Future High Streets Fund 'no fix for business rates'Subscription

    News28 August 2019

    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. 

  • High street

    100,000 business rates appeals lodgedSubscription

    News27 August 2019

    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.  

  • 3085966 oxford street

    Retailers unite against business rates in letter to chancellorSubscription

    News13 August 2019

    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. 

  • guildford high street

    Councils sue 750 firms a day over business rates arrears Subscription

    News5 August 2019

    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. 

  • Regent street jpg

    Revo calls for urgent business rates review Subscription

    News1 August 2019

    Revo, the representative body for the UK retail property sector, has published an open letter to chancellor Sajid Javid calling for an urgent review of business rates as the UK fast approaches its exit from the EU. 

  • halifax high street

    Boris Johnson urged to tackle business rates 'crisis' Subscription

    News24 July 2019

    The Greater Birmingham Chambers of Commerce (GBCC) and property services firm Colliers International have called for new prime minister Boris Johnson to make tackling the business rates “crisis” a top priority.  

  • Analysis

    Johnson or Hunt? The fashion industry's verdictSubscription

    News2 July 2019

    Conservative Party members will be choosing the next prime minister in the next three weeks. Drapers finds out whether Jeremy Hunt or Boris Johnson will be better for the fashion industry.

  • guildford high street

    20,000 shops shut since 2010Subscription

    News17 June 2019

    More than 20,000 shops have disappeared from high streets across England and Wales in the past nine years, new research has found. 

  • Bhs closing down in ashford 2

    Business rates blamed for fall in retail jobsSubscription

    News12 June 2019

    New research shows 79,000 jobs were lost from the retail sector between the first quarter of 2018 and the first quarter of 2019 – a drop of 2.5% year on year. 

  • Moss lane shops

    Indies call for 'immediate action' on business ratesSubscription

    News21 May 2019

    Independents have called for a temporary business rates allowance to support smaller retailers, as the Treasury committee develops a longer-term solution to the property tax crippling the UK’s high streets.

  • High street

    82,000 business rates appeals lodged since revaluationSubscription

    News17 May 2019

    More than 82,400 properties in England have lodged appeals against business rates since the system’s 2017 overhaul, official figures have shown.

  • guildford high street

    CBI boss calls for business rates reformSubscription

    News8 May 2019

    The president of the Confederation of British Industry (CBI) has warned that business rates risks creating “regional inequalities”, calling for reform.

  • shutterstock 357891440

    Brexit uncertainty ‘crippling fashion industry’Subscription

    News10 April 2019

    Retailers have told Drapers they are facing a “perfect storm” of cost rises, a record number of store closures, slumping sales and continued Brexit uncertainty.

  • Kirsty mcgregor smaller

    Comment: Brexit deadlock is a disaster for businessSubscription

    Comment3 April 2019

    Planning for Brexit is like to trying to pack for a holiday with no idea of where you’re going, the method of travel or even what factor of sunscreen you’ll need.

  • High street web shutterstock 378799936

    Revo calls for reform of 'unjustifiable' business rates risesSubscription

    News2 April 2019

    Shopping centre body Revo has warned that the government must reform business rates to reflect economic conditions and maintain the UK’s international attractiveness after “unjustifiable” rates rises came into effect yesterday.

  • helen dickinson

    BRC calls for review of business taxationSubscription

    News1 April 2019

    The British Retail Consortium (BRC) has called for the government to review the business rates system, which is “strangling our high streets”.  

  • Sunny high street

    Retailers left without promised rates reliefSubscription

    News20 March 2019

    Many eligible retailers have been left without their business rates discounts worth up to £8,000 as local councils face problems in applying the renewed rates, just two weeks before the start of the new tax year. 

  • trouva boutique article bath

    Trouva to help indies tackle business ratesSubscription

    News14 March 2019

    Online market place for independents Trouva has partnered with retail property firm Harper Dennis Hobbs to help tackle business rates for more than 500 high street shops across the UK.

  • Philip Hammond  Spring Budget

    No relief for retailers in Spring Statement Subscription

    News13 March 2019

    Retailers have been offered no reprieve to help struggling high streets in the chancellor’s Spring Statement.

  • Chelmsford High Street by Ambernectar13 Flickr CC

    Industry urges government to 'wake up' to save high streetSubscription

    News21 February 2019

    The retail industry has called for the government to “wake up and take positive action” following its inquiry into the future of the high street, Drapers can reveal.

  • shopping street in the west end

    Selfridges hit hardest by business rates hikeSubscription

    News13 February 2019

    The Selfridges and John Lewis stores on Oxford Street will be among the hardest hit retailers in London’s West End when the latest business rates hike takes effect in April. 

  • Winchester high street

    Retailers sceptical about business rates inquirySubscription

    News6 February 2019

    Retailers have expressed concern that the new government inquiry into business rates is too siloed, and that focusing on the property tax alone will not help save the high street.

  • high street oxford street

    Government launches new business rates inquiry Subscription

    News1 February 2019

    A new inquiry into business rates has been launched by the treasury select committee to scrutinise how government policy has affected UK businesses.

  • Closing down Sales

    150,000 high street jobs axed in 2018 Subscription

    News24 December 2018

    Almost 150,000 retail jobs and 20,000 shops closed this year on the UK’s high streets, new research has shown.

  • High street

    Government to launch fresh business rates inquirySubscription

    News19 December 2018

    The treasury select committee will launch a new inquiry into the business rates system next year as retailers continue to struggle on the high street.

  • flannels silverburn exterior

    Flannels received £125,000 business rates relief on new storeSubscription

    News10 December 2018

    High-end fashion chain Flannels has been given £125,000 in business rates relief by Doncaster Council to prevent a former pub and nightclub it bought remaining empty.

  • phillip hammond

    Business rates cuts to help independent retailersSubscription

    News29 October 2018

    Business rates bills will be cut by a third for almost half a million small retailers in the budget today.

  • High street web shutterstock 378799936

    Chancellor mulls rates cut for indiesSubscription

    News24 October 2018

    The chancellor is reported to be considering a £1.4bn tax cut for small businesses in next week’s Budget, in a bid to ease pressure on the high street.

  • high street oxford street

    Retailers demand action to help the high street Subscription

    News23 October 2018

    Multiples, independents and property agents have called for the government to freeze business rates and provide a clear strategy to revitalise the UK’s embattled retail sector, ahead of next week’s Budget.

  • Oxford street 1

    Retailers hit by £186m business rates hikeSubscription

    News17 October 2018

    A 2.4% increase in inflation will add an additional £186.45m to retailer’s business rates bill next April.

  • Philip Hammond  Spring Budget

    BRC calls for business rate action in BudgetSubscription

    News17 October 2018

    The British Retail Consortium (BRC) has urged chancellor Philip Hammond to address the “unsustainable burden” of business rates in his autumn Budget.

  • high street lincoln england

    Retailers welcome government hints at tax reformSubscription

    News2 October 2018

    Retailers have welcomed signals from the government that business rates reform and an online sales tax could be on the horizon but warned against any short-term “sop” to business.

  • high street

    Minister moots business rates changesSubscription

    News1 October 2018

    Business rates could be set to change in a bid to help struggling high street retailers, business secretary Greg Clark has told the BBC.

  • Bira launch

    Bira launches business rates manifestoSubscription

    News11 September 2018

    The British Independent Retailers Association (Bira) has launched a business rates manifesto, in an attempt to shift the government’s approach to the tax.

  • rainy high street

    Retail to bear brunt of business rates riseSubscription

    News16 August 2018

    Pressure is mounting on the government to reform business rates, as new research reveals the retail sector would face a £194.2m rise in its bills next April, despite the ongoing crisis on the high street.

  • Keely cropped for web

    Editor’s Comment: Retailers fight back against tough market conditionsSubscription

    Comment6 August 2018

    It’s no secret that the market is tough. Brexit, rising rents and rates, digital evolution and changing consumer behaviours have created a challenging period for many fashion retailers.

  • helen dickinson

    BRC chief warns of 'no deal' BrexitSubscription

    News17 July 2018

    The chief executive of the British Retail Consortium, Helen Dickinson, has warned of the risk of a “no deal” Brexit to UK retailers.

  • phillip hammond

    Chancellor will review tax on digital businesses Subscription

    News6 July 2018

    The chancellor, Philip Hammond, has promised to review the way digital businesses are taxed, to offset the business rates pressures felt by bricks-and-mortar retailers.

  • high street oxford street

    BRC calls for business rates freezeSubscription

    News4 July 2018

    The British Retail Consortium (BRC) has called for a two-year freeze on business rates increases to provide some relief for retailers.

  • Winchester high street

    Business rates appeals drop 90%Subscription

    News1 June 2018

    Business rate appeals have fallen 90% in the first full year of the new Check Challenge Appeal system, compared with the last revaluations in 2010.

  • hof

    House of Fraser stores hit by rates hike Subscription

    News4 May 2018

    House of Fraser’s London stores were subject to soaring business rates following the government’s revaluation last year.

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