Tag: business rates

Business Rates Appeals Efficiency Proves Costly

Business Rates Appeals Efficiency Proves Costly
Posted on 3 November, 2015 by Chris Grigorovsky under Business News

In a bid to deter speculative appeals, The Government has launched proposals to create a more efficient business rates appeals system. However, it comes at a cost says commercial property agent, Prop-Search. A consultation paper from the Government has... Read More

Report reveals Burden of Business Rates and Value of Commercial Property Sector

Posted on 22 October, 2015 by Chris Grigorovsky under Industry News

According to a report by the Property Industry Alliance (PIA), business rates are an ever increasing burden on businesses compared to rents being charged by landlords in the UK. The Property Data Report 2015 reveals that over the last ten years, the... Read More

Scottish Councils given Power to cut Business Rates

Scottish councils given power to cut business rates
Posted on 16 October, 2015 by Neil Bird under Business News

Scotland’s 32 local authorities are to be given the power to cut business rates to boost economic activity and encourage commercial property investment. The official announcement is expected to come from Deputy First Minister John Swinney in his... Read More

Businesses urged to be ready for Rates Revaluation

Posted on 1 October, 2015 by Kirsten Kennedy under Business News

With the latest round of property valuations for business rates purposes underway, businesses are being urged to take care filling in the forms if they want to avoid incurring unnecessary costs. The Valuations Office Agency (VOA) began issuing... Read More

Business Rates blamed for rise in Northampton Retail Vacancy Rate

Posted on 26 September, 2015 by Kirsten Kennedy under Business News

Although many town centres have benefited from a rise in consumer footfall and an ensuing increase in retail spending, the issue of high vacancy rates remains very much a reality for numerous locations nationwide, with business rates often cited as a... Read More

Promise of Appeal System update ahead of Business Rates Reform

Posted on 14 July, 2015 by Cliff Goodwin under Industry News

Although it failed to deliver the hoped for root-and-branch reform of the business rates system, last week’s Budget did hint at a badly needed update. Within hours of the Chancellor speaking, the Government published details of the progress on action... Read More

Excessive Business Rates levels deter Retail Expansion says Intu

Posted on 23 June, 2015 by Neil Bird under Business News

Leading regional shopping centre owner and operator intu claims that the excessive level of Business Rates deters retailers from expanding and curtails investment by owners of retail property. In response to the Chancellor’s Business Rates review,... Read More

80,000 Shops Will Close By 2017 Due to High Business Rates

Posted on 16 June, 2015 by Chris Grigorovsky under Business News, Economy

A report from the British Retail Consortium (BRC) has predicted that if business rates continue in their current state, over 80,000 shops will be closed within the next two years. Ministers have warned that a change in shopping habits and a growing... Read More

West End Retailers face Record Business Rates Bills warns BNP Paribas

Posted on 2 April, 2015 by Cliff Goodwin under Business News

West End retailers could be facing record business rates demands by 2017, one of Britain’s leading property service providers has warned. According to new research by BNP Paribas Real Estate, businesses based in England will forced to pay rates bills... Read More

Business Rates Review launch coincides with rise in Empty Shop numbers

Posted on 17 March, 2015 by Kirsten Kennedy under Business News

Last year, the Government announced a review into the business rates system after widespread calls for an overhaul of commercial property tax. This week, the long awaited review has finally been launched and the results are expected to be announced in time... Read More