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How to avoid business rates on empty property

How to avoid business rates on empty property

Under the 2007 Rating (Empty Properties) Act, most commercial property owners are subject to empty property business rates after just three months of their building becoming vacant. These are payable on any occupiable non-domestic properties, such as shops, offices, and industrial buildings. With commercial property vacancies at a four year high—one in 10 UK shops […]

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Is the recent budget good for business rates?

Is the recent budget good for business rates?

George Osborne’s recent budget caused a storm of controversy for many reasons, but what effect will it have on business rates? The government is always keen to appear pro-business, and reforms to make business rates work for businesses would be a sure-fire way to do this. Many reforms to business rates were announced in the […]

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How British councils are benefitting from business rates

How British councils are benefitting from business rates

According to government reports published in February, business rates are set to boost local council funds by £23.5 billion over the next year. This is a record rise, and marks a £400 million increase on last year. Marcus Jones, the minister for local government, has stated that this has come about due to the nationwide […]

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Check, Challenge, Appeal – Could the Enterprise Bill Ensure A Fairer Business Rates System?

Check, Challenge, Appeal – Could the Enterprise Bill Ensure A Fairer Business Rates System?

In the Government’s proposed Enterprise Bill, significant changes have been made to the appeals system for business rates. Many business groups have been calling for root and branch business rates appeal reform for some time due to huge delays occurring in the past. Currently, appealing business rates is a free but multifaceted process. As can […]

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Councils to be reassessed for business rates shakeup

Councils to be reassessed for business rates shakeup

Levels of need in council areas will be re-evaluated as part of the planned devolution of business rates to authorities, it has been revealed. Stuart Hoggan, deputy director of local government finance reform and settlement, confirmed a new way to assess need would be developed as part of the redistribution system for retention and called […]

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The Devolution of Business Rates Could Prompt Competition Between Councils

The Devolution of Business Rates Could Prompt Competition Between Councils

In November we reported on how British business groups had been issuing warnings to the Government about the devolution of business rates. Their primary concern was that the move seemed to signal that the Government was giving up on a radical overhaul of business rates. However, experts are now warning that the devolution of business […]

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Business rates devolution won’t help say British business groups

Business rates devolution won’t help say British business groups

Numerous British business groups have been delivering warnings to the Government regarding the recently proposed business rates changes. As we discussed in a recent blog, George Osborne has unveiled a radical new business rates plan that allows councils to have full control over rates in their area. Some have interpreted these latest developments as a […]

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Permitted Development Rights Are Now Permanent

Permitted Development Rights Are Now Permanent

Temporary permitted development rights were introduced for the first time in 2013. They have since enabled scores of offices around the country to be converted into residential buildings without the need for planning permission. This has meant that developers have been free to convert underused or vacant commercial spaces into new homes without the usual […]

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George Osborne unveils plan to overhaul UK business rates

George Osborne unveils plan to overhaul UK business rates

George Osborne has unveiled a radical new plan to overhaul the UK business rate system that will see councils able to keep the proceeds from rates raised in their area.

Councils keep up to 50% of local business rates under the current system while the rest goes to Westminster. Osborne’s shake-up of the system will see councils holding on to around £26 billion each year.

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Business review could bring no significant business rates change for retailers

Business review could bring no significant business rates change for retailers

Earlier in the year, we wrote a blog on the proposed government review of business rates that was set to shake up the commercial property tax system. Unfortunately, it does not appear as though any significant changes are on the way for retailers.

Talks between the Treasury and retailers to revamp business rates have been considerably slowed down, the Guardian reported, so much that industry sources said they were “extremely concerned by the lack of ambition” of the government and “patience is running out across the business community”.

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90% on empty business rates

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