”At the very least, the government should heed calls for business rates reform and create a fairer tax”
2018 was certainly a tumultuous year as far as business rates was concerned with the impact of the 2017 revaluation hitting home.
The call by Tesco chief executive Dave Lewis for the Chancellor to introduce a 2% levy on goods sold via the internet illustrates the anguish experienced by many high street retailers operating from physical stores.
Kensington Roof Gardens hit the news last week when it announced it was closing its doors after 35 years of trading. But it won’t be the only top night spot in the capital to find crippling business rates bills are making operating costs totally untenable.
New inflation figures of 3.9 % are creating yet another punitive business rate hit on UK businesses, potentially adding over £1bn to the troubling rates bill which Jerry Schruder highlighted in last week’s issue.
Well what a difference a border makes. Less than three weeks from the time the Barclay Review made its recommendations on business rates, the Scottish Minister stood up in the Scottish Parliament and agreed to try and implement most of them.
Hands up if you know your company’s business rates are about to rise, and your chances to appeal are going to fall. Is this part of the 2017 revaluation? No, this is on top of any increase because of that. The UK Supreme Court has made a ruling that overturns ...
At Colliers International, we recently released our Midsummer Retail Report (MSRR); a leading industry indicator of changes in rental values of prime High Street retail rents.