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Denis & Rhys Brennan

Business Rates Revaluation – No time to lose! Act now!

12 Dec 2009 | Filed under: Business Rates, Cost Management, News

SOARING costs and rising taxes are pushing pub landlords towards calling last orders for the final time, it was warned yesterday.
The industry fears a rise in duty and an expected increase in VAT will lead to more pubs closing at a time when landlords are struggling with higher transport, waste and utility bills.
Research suggests increases in business rates could force up next April’s bills by up to 143% for a city centre pub.
Across the UK, the average pub is understood to face a 23% rise in its rateable value from next year.
Western Mail December 7 2009

Civil servants have promised to review the controversial 200% plus hike in business rateable values in Narberth after a public meeting in the town.Seventy business people turned up to meet a representative of the Valuation Office Agency (VOA) which sets the rates.
The meeting was called by AM Angela Burns who said she was delighted that the agency’s Brian Jones agreed with her suggestion to look into Narberth’s exceptionally large jump in rateable values.
Shops, restaurants, pubs and hotels in Narberth have seen their rateable values increase on average from £3,800 to £12,000 in the latest revaluation. Western Telegraph

Mark Field, Conservative member for Cities of London and Westminster, accused Chancellor Alistair Darling of seeking to “plunder” businesses and treating them like “cash cows”.
In a Commons debate, Mr Field highlighted the impact of three tax moves:
The five per cent increase in business rates this year.
The business rate revaluation, which will come into effect in April next year.
The levy being imposed to raise £3.5 billion for Crossrail.

London Evening Standard

Auditel can help your business understand the impact of the revaluation that comes into effect in April next year. Call 01554 770816 or email Auditel… but if you are considering an appeal act quickly