Business rates news and archive

Frasers Group slams delay of business rates valuation, says stores could close

Mike Ahsley’s Frasers Group has criticised the government for delaying a review on business rates, and has warned that some of its stores could close as a result. Business rates are taxes charged on most non-domestic properties - many retailers consider them to be unfairly calculated. The government has previously promised a “fundamental review”...

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Retailers to face 137 million pound bill from business rates hike

Business groups have urged the Chancellor Sajid Javid to scrap business rate increases in the Autumn Budget. According to The British Retail Consortium (BRC), retailers in England will have to pay an extra 137 million pounds next year after it was confirmed that business rates would rise by 1.7 percent, based on the Consumer Price Inflation...

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9,500 stores at risk of shutting down this year

London - Retail experts predict a total of 9,500 stores are likely to close down this year, a 30 percent increase on 2017 if the government moves forward with plans to increase business rates. Up to 26 stores could shut down for good each day this year, as difficult trading conditions and continue to take a toll on the high street. Business...