Change in business rates could cost firms millions, research finds December 10, 2024 A number of sectors could be hit with hundreds of millions of pounds in extra business rates due to “poorly thought-out legislation”, according to new research. The analysis, conducted by property consultancy Colliers, highlighted the impact that the new business rates legislation proposed by the Labour government could have on larger retailers and hospitality businesses. [...]
Gatwick and Birmingham airport chiefs urge Rachel Reeves to tackle business rates threat December 5, 2024 Chief executives from Gatwick and Birmingham Airport have criticised Chancellor Rachel Reeves' planned changes to business rates.
‘Catastrophic’: Airports demand meeting with Rachel Reeves over business rates November 27, 2024 A draft letter from Airports UK, which represents over 50 airports in the UK, claims the industry will be forced to pay out more than £1bn.
Morrisons chief calls for urgent overhaul of business rates system November 24, 2024 The chief of Morrisons has called for the business rates system to be radically overhauled so it “genuinely levels the playing field” between high street retailers and online operators. Rami Baitiéh, the boss of the supermarket, told The Mail on Sunday: “The current proposal threatens to drag hundreds of supermarkets, which are crucial to thriving [...]
Pizza Pilgrims’ co-founder on creating the perfect base for strong growth November 8, 2024 Pizza Pilgrim's co-founder Thom Elliot has hospitality in his veins. In just over a decade, he and his brother James have gone from growing up above a pub in Cornwall to opening their 25th pizzeria this November.
Business will be looking at where taxes are going, not just where they are October 29, 2024 Tomorrow’s Budget announcements will capture immediate attention, but it’s the tax roadmap that could have the most enduring impact, says Chris Sanger The government’s decision to publish a corporate tax roadmap in this week’s Budget is intended to strengthen the UK’s economic foundations and attractiveness as a destination for capital. This move comes at a [...]
Wetherspoons and Pizza Pilgrims bosses call for business rates relief ahead of budget October 21, 2024 Hundreds of UK hospitality groups and pubs have called for permanent action on business rates relief ahead of the Autumn Budget. In an open letter to Rachel Reeves, the hospitality bosses called for permanent action with the extension and lowering of business rates relief for the sector. It included 170 signatures from various high street [...]
1,500 City of London retailers set for surprise tax cut after ruling October 9, 2024 More than 1,500 retail shops in the City of London could see their tax bill slashed after a tribunal ruled a Cheapside store was paying too much in business rates. The Valuation Tribunal for England ruled that the rateable value applied to the main space of a City of London shop by the Valuation Office [...]
Retail bosses urge Chancellor to reform business rates to boost growth October 7, 2024 The letter, co-ordinated by the British Retail Consortium (BRC), argued the retail industry paid 7.4 per cent of all business taxes when it only made up five per cent of the overall economy.
Here’s what the government should do to fix business rates October 7, 2024 Businesses are calling for certainty. What they don’t need is a knee-jerk reaction on business rates from the government, writes David Jones