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Tag Archives: business rates

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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