Tag Archives: business rates

The CBI and 41 UK trade associations call for business rate reform

Ahead of COP26, the UN Climate Change Conference in November, employers representing around 261,000 UK businesses and nine million employees say business rate reform is essential for green investment. The CBI and 41 trade associations spanning the UK economy have issued a joint statement outlining how action by the Chancellor …

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UK government considering plans to increase business rates revaluations

The UK government has launched a consultation to consider plans to increase the frequency of business rates revaluations that could see them take place every three years rather than the current five year period. The consultation has been launched by the HM Treasury as part of the government’s wider review …

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Spring budget | Retail restart support, extended furlough, and £300m more for the Culture Recovery Fund

A restart programme to support retailers reopening next month and a £300 million culture recovery fund have been announced in a budget described as the Government’s “use of the full fiscal firepower of the country,” by Chancellor Rishi Sunak this afternoon. Among the first issues addressed by Sunak as he …

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Government plans for further financial support to Covid-hit retailers

Government ministers are in talks with the Treasury to extend financial support for Covid-19 hit businesses and the current business rates holiday for a retail and hospitality sector that has endured a year of upheaval at the hands of the pandemic. Following warnings from the Labour party of a £50 …

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Thousands of UK businesses to receive Business Rates holiday in Budget driven by coronavirus

Business rates for companies with a rateable value of less than £51,000 will be suspended for the coming year. The tax holiday is part of the “extraordinary measures” being taken to support the UK economy in the face of the disruption from the coronavirus outbreak. The measures apply to firms …

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“Unsustainable” business rates system needs reform, says Tesco boss Dave Lewis

The boss of Tesco has called on internet retail giants like Amazon to pay new sales tax to support shops on the British high street, warning that the current business rates system is ‘unsustainable.’ Dave Lewis, who has been the CEO of Tesco since 2014, suggested in a piece written …

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