All the updated news related to business rates

All the news related to business rates updated in real time

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Chancellor failing to protect ‘cultural crown jewel’, says live music industry

The live music sector has criticised the Chancellor’s spring statement for failing to protect “one of the UK’s cultural crown jewels”. Industry groups welcomed the business rates discount announced by Rishi Sunak in the Commons on Wednesday. But ...

23 Mar 2022 at 17:25

Scotland

Scottish Lib Dems urge business rates to be put in hands of local councils

The Scottish Liberal Democrats have taken aim at the Scottish Government’s “grip” on local authorities as they called for councils to be given the ability to cut business rates. Party leader Alex Cole-Hamilton highlighted the plight of small ...

29 Apr 2022 at 16:55

City

Thousands of businesses go bust while awaiting business rates rebates

Thousands of business sites have foundered in while waiting for rebates over property taxes, according to new data. Research by real estate advisory firm Altus Group has showed that 3,165 business premises, including offices, factories, ...

25 Jul 2022 at 01:01

City

High street retailers pay 755% more in rates than online rivals – research

Experts have said traditional retailers now pay 755% more in business rates than digital competitors as a war of words intensifies over a potential new online sales tax. On Friday, the Government closed a consultation into the possible ...

23 May 2022 at 01:01

City

Tribunal showdown over estimated £3.5bn pandemic business rates rebates

Businesses facing hefty business rates bills are set for a court showdown over the Government’s decision to strip them of their right to appeal their property taxes in a series of major cases this week. The Valuation Tribunal, an ...

16 May 2022 at 01:25

Scotland

Freeze business rates to ease burden amid costs crisis, Swinney urged

Deputy First Minister John Swinney has been urged to freeze business rates in a letter from 19 industry bodies. Mr Swinney is in charge of the country’s finances while Finance Secretary Kate Forbes is on maternity leave and will ...

24 Nov 2022 at 01:01

City

Premier League clubs face multi-million tax hikes over stadiums next year

Football clubs are set to be hit with multi-million tax hikes on their stadiums next year after business rates were shaken up as part of last week’s budget. The Premier League’s 20 stadiums will face almost £7 million in extra ...

21 Nov 2022 at 16:44

City

Bank expected to unveil big rate hike on Thursday

Markets think the Bank of England will unveil the biggest hike in interest rates for over three decades when its decision makers gather for a delayed meeting. The Monetary Policy Committee (MPC) is expected to increase rates ...

16 Sept 2022 at 16:48

‘Sigh of relief’ as Swinney freezes business rates, industry body says

There will be a “sigh of relief” on the high street as the Deputy First Minister announced a freeze to business rates, an industry body has said. Laying out the budget for next year, John Swinney said he had listened to the ...

15 Dec 2022 at 18:07

Home

Back in Business rate support scheme closing

The 'Back in Business' rate support scheme is set to close in March. Department of Finance has reminded businesses applications for the 'Back in Business' rate support scheme will be accepted up until March 31, 2023. The ...

26 Feb 2023 at 15:33

City

Airports set for bumper business rates amid £1.4bn tax rise

Airports, power stations and business headquarters are set to be hit hardest by property tax changes when new valuations come into force next week, according to research. Revenues from business rates – the property tax ...

26 Mar 2023 at 23:01

City

Business rates system ‘no longer fit for purpose’ says Sainsbury’s boss

The boss of Sainsbury’s has said the business rates tax system is “no longer fit for purpose” and warned that current planned increases will lead to thousands of high street closures and job losses. The UK’s ...

13 Aug 2024 at 08:13

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