Whilst the Autumn Statement was good news for small retailers with the extension of the 75% discount and the freezing of the small business rates multiplier, the commercial real estate intelligence firm Altus Group, say that 43,160 'large' retail premises in England, those with a rateable value above £51,000, will now face a 6.7% inflationary increase in their bills next April.
The 6.7% increase is the biggest year-on-year increase to the standard business rates multiplier since 1991.
Our clients already tell us that business rates are a disincentive to invest and an effective tax rate of 54.6% will do nothing to dispel that.
[
add
]
[
|
|
...
]