Retailers cheer at review into business rates

July 13, 2021

first_img Retailers cheer at review into business rates RETAILERS welcomed plans for a full review of the UK’s 400 year-old business rates system, seen by the industry as one of the biggest threats to the future of businesses on the high street.Businesses have long called for a reform of rates, which are charged on commercial properties including shops and calculated according to the rental value of properties.Retailers argue that the burden of rates is out of line with their profitability – especially small businesses – and unfairly benefits online retailers, who do not have as many large properties. Home Retail Group chief executive John Walden said yesterday: “A more fundamental review of the underlying structure is essential to help towns and villages throughout the UK survive, and improve their prospects for success in years to come.”The British Retail Consortium (BRC), which has pushed for fundamental reform, said it plans to “fully engage with the review”. The government is to present its review at the time of the 2016 Budget. George Osborne brought further welcome relief to businesses after he announced the government will continue to cap the inflation-linked rise in business rates at two per cent.He also extended small business rate relief again and increased the discount for high street shops, pubs and cafes with a rateable value of up to £50,000 to £1,500 from £1,000 introduced last year. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminator whatsapp whatsapp Kasmira Jefford center_img More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Wednesday 3 December 2014 8:04 pm Show Comments ▼ Share Tags: UK business rateslast_img

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