All Business rates articles – Page 3
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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.
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Online
Business rate agents plot legal fightback
Business rate agents are mulling legal action following the government announcement last week that it will legislate against Covid-related property tax appeals, Property Week understands.
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Insight
City centres need special support
Editor: We fully support the move to extend the business rates holiday and furlough scheme, and to introduce Restart Grants, which will help the retail, hospitality and leisure sectors bridge the gap until the restrictions are eased and trading can resume.
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Insight
A missed chance to fix rates system
Editor: The Budget offered the industry some clarity on what will happen when the 12-month business rates holiday for retail, leisure and hospitality ends this month . But the mere three-month extension fails to realise the scale of the problem facing businesses’ bottom lines, or the issues of the business ...
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Professional
How can the outdated business rates system best be reformed?
Before the chancellor announced his new Budget, he warned he was kicking business rates reform yet again into the long grass, postponing his response to the consultation over reform until autumn – the fourth delay in a year.
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Professional
Anger builds as the business rates review is pushed back yet again
Industry experts rail against decision to postpone review until autumn 2021 and clamour for urgent change.
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Online
Budget 2021: What to watch out for
Chancellor Rishi Sunak is set to deliver the most important budget of the decade as the Covid-19 pandemic continues to tear a hole in the UK’s finances. We’ve highlighted the things to watch out for.
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Insight
Abolish broken business rates system
Editor: There has been much discussion in the commercial real estate (CRE) sector about business rates recently, including a number of articles in Property Week .
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News
Scottish government extends business rates relief
The Scottish government has extended business rates relief for the whole of 2021/22 financial year, affecting retail, hospitality and leisure.
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Professional
Industry looks to chancellor to fix the business rates system
Rishi Sunak is expected to announce changes to the rates relief scheme in his budget speech on 3 March.