Tag: business rates

Manufacturers push Chancellor for Business Rates Reform

Posted on 19 November, 2014 by Kirsten Kennedy under Business News

For the past few years, retailers have headed the drive for the business rates system in the UK to be reformed, claiming the current method of judging how much tax businesses should pay based on their commercial property is unfair. However,... Read More

LGA calls for Local Governments to set own Business Rates

Posted on 12 November, 2014 by Kirsten Kennedy under Business News

In recent months, a number of lobby groups have called for local governments to have more control over business rates income in their own constituencies, with communities secretary Eric Pickles even agreeing that councils should be able to keep around 80 to... Read More

Supermarkets and London Shops face Business Rates Revaluation Blow

Posted on 5 November, 2014 by Kirsten Kennedy under Business News

The UK’s leading supermarkets, already losing market share to discounters, face another blow due to the delayed business rates revaluation due to take place next year, a rating expert warns. According to analysts, members of the Big Four could face... Read More

Pickles dismisses “Tesco Tax” Proposals

Posted on 29 October, 2014 by Kirsten Kennedy under Business News

Twenty councils from around the UK have backed a proposal to introduce a “Tesco Tax”. Led by Derby city council, the local authorities have called on the government to impose a tax on large retailers which would see businesses such as Tesco,... Read More

Business Rates Bounty could fund ‘Northern Powerhouse’ Proposal

Posted on 23 October, 2014 by Kirsten Kennedy under Business News

Chancellor George Osborne is rumoured to be considering a business rates reform which would see local authorities in cities such as Manchester, Liverpool and Leeds keep a greater proportion of revenue raised for use in local enterprise... Read More

Croydon prepares Business Rates Autonomy bid and Permitted Development Crackdown

Posted on 15 October, 2014 by Neil Bird under Industry News

Croydon has called for greater business rates autonomy to support its plans to transform the London borough into a premier office location. The council hopes to create close to 3 million sq ft of Grade A office space in a bid to attract tech and... Read More

Foreign Embassies owe over £500,000 in unpaid Business Rates

Posted on 23 September, 2014 by Neil Bird under Business News

Hard pressed London businesses and commercial property owners will be less than impressed to learn that over 50 foreign embassies owe local authorities in excess of half a million pounds in unpaid business rates. Overseas diplomats are officially... Read More

Companies unite to demand Business Rates reform

Posted on 18 September, 2014 by Cliff Goodwin under Business News

In what is being seen as the most outspoken criticism of the business rates system so far, more than 100 of the country’s biggest companies have condemned the tax as a “critical problem” to recovery and future investment. Demanding that all the... Read More

Second Home Owners saving Millions in Business Rates Loophole says Expert

Posted on 8 September, 2014 by Neil Bird under Business News

Second home owners exploiting an anomaly in the business rates system have been accused of taking part in a tax avoidance scheme by a rating expert. The claim comes in an Independent exclusive which has unearthed evidence of householders... Read More

Shop Vacancy Rates fall again but Business Rates reform is still required says BRC

Posted on 19 August, 2014 by Kirsten Kennedy under Business News

The high street was one of the big casualties of the financial crisis with town centres nationwide recording steep increases in vacancy rates. Fortunately, this trend appears to be reversing thanks to the ongoing economic recovery, with July’s shop vacancy... Read More