All Business rates articles
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NewsIndustry undeterred by Bank of England’s interest rate rise
Despite a rise from 0.1% to 0.25%, rates remain ‘incredibly low’ – but further increases could be cause for concern.
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News
Government urged to support businesses in the face of Omicron
Pressure is mounting on the government to provide support – such as business rates relief – for retail and hospitality businesses as it urges people to limit socialising in the run up to Christmas to slow the spread of the Omicron variant.
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Professional
What does the industry make of latest business rate plans?
Five property experts give their views on the business rate changes that were announced in the Budget.
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Insight
Green business rates and climate change adaptation
The business rates announcements made in the Autumn Spending Review did not go far enough for many. Rather than abolishing the system entirely, the chancellor instead opted to make it “fairer, more responsive and more supportive of investment” by introducing a number of additional reliefs.
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News
Industry divided over business rate reforms
Some welcome the chancellor’s proposals but others say they are ‘not enough’.
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Insight
Business rates reforms may not be bold, but they will be green
When the UK Government announced its “fundamental” review of business rates in last year’s Budget, it was widely hoped that significant reform of this tax would be forthcoming.
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Online
Reform of business rates relief must not be delayed any longer
Chancellor Rishi Sunak has alluded that he might not give a comprehensive response to the consultation on business rates reform when he gives his Budget next Wednesday, but might “tinker with the system” – on the grounds that he has not yet had time to give the question proper consideration.
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Insight
Inflation cloud looms on the horizon
At the end of the day, all economics and its subset of business, of which real estate is but one segment, are about supply and demand.
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News
Experts raise concerns over rates relief pledge
Industry figures say “there is no sign” of the £1.5bn promised by the government.
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Insight
Business rates: a plea to Michael Gove
Editor: When Michael Gove acknowledged his new position as secretary of state for levelling up, he vowed his “relentless focus will be on delivering for… undervalued communities across the UK” (‘Michael Gove appointed housing secretary’).
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Professional
Concerns raised over rates revaluations consultation
Experts agree business rates revaluations should be more frequent, but question government’s approach.
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Professional
Can special-purpose vehicle leases be used to avoid empty rates?
The recent Supreme Court judgment in Hurstwood Properties v Rossendale Borough Council has clarified that the burden of paying empty rates should fall on the person who has the practical ability to bring unoccupied property back into use.
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News
The holiday is now over
Amid all the confusion and chaos over planned foreign trips to countries designated as red, amber or green, we can say with certainty that there is one holiday that will no longer be happening.
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News
High street brands at risk as business rates holiday ends
Experts warn £2m cap on relief could be final straw for many big high street names struggling to pay rates
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Professional
Businesses need economic help
This month, chancellor Rishi Sunak’s business rates holiday extension comes to an end, albeit with a partial continuation benefiting just small businesses. However, ‘Freedom Day’ has now been postponed, social distancing continues and some sectors are still unable to open.
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News
AXA IM Alts flags up inflation risk
AXA IM Alts has warned that billions spent by governments to support nations through Covid could lead to interest rate rises.
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News
Capped rates relief ‘a drop in the ocean’ for larger retailers
Capping relief at £2m per company will do little to alleviate the problems facing retail, hospitality and leisure
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News
MPs press for business rates reform
MPs and city representatives have urged the government to introduce fiscal incentives to support the recovery of the high street, including reforming business rates and VAT incentives.
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Insight
We need a business rates reform now
Editor: Tax Day was sadly a Groundhog Day in terms of business rates reform. Delaying the government’s consultation on reform until autumn 2021, the fourth delay in a year, had been disappointing, but everyone hoped Tax Day (23 March) would provide some new insights.
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Professional
Government is ‘wrong’ to ban MCC business rates appeals
Experts say the government’s £1.5bn compensation scheme is not enough to address the impact of Covid on values.
