Business Rates and the 2015 Budget Statement

March 19, 2015

The 2015 Budget said little on business rates except the intention to create a northern powerhouse and to expect an overhaul of the rating system…again..! Mr Osborne said: “With the devolution of power, skills, transport and now health I can now announce we have reached provisional agreement to allow Greater Manchester to keep 100 per […]

Business Rates in the Autumn Statement 2014

December 9, 2014

In the world of business rates, the most important part of the 2014 Autumn Statement wasn’t in the speech but in page 79 of the official statement [click to download here…] contains the bombshell, that if you have not appealed your assessment by 1 April 2015 then any reduction will only be backdated to the […]

Public House beer ties

November 19, 2014

After several years campaigning by (amongst others) we are delighted to see that the Government have successfully voted through a 1st stage bill to abolish ties.  The Small Business, Enterprise and Employment Bill 2014-15 seeks to rid current tenants of the obligation to buy beer from their Landlords. Roderick Bisset BSc MRICS from our Gatwick office […]

£1,000 off your business rates bill if you occupy a retail property?

March 7, 2014

On January 29, 2014   H.M. Government announced the detail of the Business Rates Retail Relief scheme, a real reduction of £1,000 in your business rates bill. This relief will span two rate years, 2014/15 and 2015/16. You have to have a Rateable Value below £50,000 RV to qualify and you must be considered a […]

Autumn Statement 2013

December 9, 2013

The Chancellor’s speech this year lasted for 74 minutes but the section on business rates was relatively rushed, delivered in just 3 mins, containing 5 main points pertaining to business rates. The “UBR Cap”From 1 April 2014 the annual increases in the NNDR (“poundage”) will be limited to the smaller of 2% increase or the […]

Fair deal for pubs?

April 22, 2013

Over the past 19 years you cannot fail to notice the volume of pub tenants struggling to pay their rents in this recession.  Many tenants do not take advice when becoming responsible for a new lease or negotiating with the PubCo over a rent review. It is important to understand that the rent payable for […]

SBRR: Additional help for small business

December 24, 2012

The 2012 Autumn Statement saw additional help for small businesses through the extended application of Small Business Rate Relief or ‘SBRR’ This is applied to properties with rating assessments between £6,000 and £12,000 Rateable Value. The applied level of relief is based on a sliding scale of 1% relief for every £120 RV below £12,000 […]

“Pubs closing at a rate of 18 a week” – CAMRA

November 30, 2012

2012 has seen a second year of falling sales at regional and town centre pubs across England. The weakening of the economy and the reduction in household spending are pushing many publicans out of business. Mike Benner, Camra chief executive, said: “As today’s pub closure figures show, the future of Britain’s valued community pubs remains […]

2015 Revaluation is postponed – by two years!

May 2, 2012

“Struggling businesses, particularly independent businesses, have been looking forward to the 2015 Revaluation as they were expecting substantial drops in Rateable Value and hopefully business rates liability” according to our Enterprise Specialist, Danny George. Originally each Revaluation lasted 5 years in length and then each property is given a new Rateable Value based on it’s […]