Business Rates
We provide essential coverage of business rates policy and reform, and how it impacts operators across the UK foodservice and hospitality sector. From government relief schemes and revaluation updates to lobbying efforts led by UKHospitality and industry coalitions, this captures the key developments influencing site viability and cost pressures. Whether you run a single high-street restaurant or oversee a multi-site pub or catering group, we explain how changes to the business rates system affect your bottom line, and what you need to know to plan ahead.
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Mar- 2019 -21 MarchBusiness
Businesses left waiting for rates discounts as deadline approaches
Businesses in England were promised millions of pounds in support by the chancellor last October but, less than two weeks before the start of the new tax year on 1 April, many are still either waiting for discounts worth up to £8,000 or haven’t yet applied. The government announced a…
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1 MarchBusiness
Business rates appeals drop under ‘complicated’ system
Businesses are struggling with the new ‘check challenge appeal’ (CCA) business rates appeals system, according to rating experts at Colliers International, commercial real estate agency and consultancy. New figures released by the government show that in the 21 months between 1 April 2017, when the new system for appealing against…
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Feb- 2019 -26 FebruaryPubs and Bars
Pub and restaurant closures lead to 31% rise in insolvency costs
Insolvent companies, across all sectors of the British economy, that couldn’t pay their debts have cost taxpayers £3.07bn in payments to former members of staff during the last decade new research has revealed. Last year, during 2018, The Insolvency Service an agency of The Department for Business, Energy and Industrial…
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21 FebruaryBusiness
Hospitality businesses hailed ‘heroes of the high streets’
Hospitality trade bodies have applauded the housing, communities and local government’s report which was published today (21 February) and said high streets and town centres needed to shift the focus from shopping onto leisure. This report follows the committees recent enquiry into what is needed to save the UK high…
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1 FebruaryBusiness
MPs launch business rates inquiry
The Treasury Committee has launched a new inquiry into business rates to scrutinise how government policy has impacted high street businesses. The committee will examine how business rates policy has changed, including business rates retention, alternatives to property-based taxes, such as the proposed digital services tax. Nicky Morgan MP, chair…
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Jan- 2019 -2 JanuaryRestaurants
10,000 restaurant jobs lost in 2018 with more expected
The casual dining crunch saw 30 people a day lose their jobs during 2018 through administrations, CVAs and rationalisation a study by the Centre for Retail Research (CRR) has revealed. Gourmet Burger Kitchen, Carluccios, Prezzo, Chimichanga, Byron and Jamie’s Italian were amongst the big name restaurant chains that closed outlets…
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Nov- 2018 -13 NovemberBusiness
EU rules could ‘thwart’ Hammond’s business rates promise
Hammond’s plan to help high streets through a near £1bn, two year business rates cut, is set to be thwarted by European Union state aid rules, real estate agents Altus Group have claimed. The chancellor will slash business rates next April by discounting bills by a third for those retail…
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6 NovemberBusiness
Hospitality costs reach 12-year high
Government-implemented costs are taking a significant toll on businesses in the eating and drinking-out sector, new data by UKHospitality and business property adviser Christie & Co suggests. According to the 2018 UKHospitality Christie & Co Benchmarking Report, controllable costs have risen to an average of 52.5% of turnover, the highest…
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1 NovemberBusiness
One in seven pubs face business rate rises of £5,000 next April
One in seven pubs in England face rises in their business rates bills of nearly £5,000 despite measures announced at the Autumn Budget to cut the rates of smaller high street businesses. Analysis from commercial real estate advisor Altus Group showed medium sized pubs were the “big losers” in Hammond’s…
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Oct- 2018 -29 OctoberBusiness
Autumn Budget 2018: Business rates cut for SMEs and new digital services tax
Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33% cut to business rates and introduced a new digital services tax for companies with at least £500m in global revenue. The reduction in rates will take place over the next two years and is expected to save businesses…
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