- The type of pub or licensed premises
- The area it’s in
- The services it offers, for example food, gaming or sports screenings
Every week one business owner faces a 90-day prison sentence for unpaid business rates Local authorities have confirmed the pursuit of the toughest legal penalties possible for non-payment of business rates. __________________________________________________________________________________ In March 2017, ahead of revaluation, chancellor Philip Hammond handed a business rates discount of 1, 000 to all pub landlords with a rateable value of under 100, 000 90 per cent of all pubs. This relief measure was extended in November’s Budget to cover bills for 2018/19. Commenting on the challenges facing pub landlords, Alex Probyn, UK business rates president at Altus Group, said although pubs continued to close down, Hammond’s relief measures had kept many businesses afloat. the increase in the thresholds at which pubs pay business rates coupled with the additional 25m of rates relief has, undoubtedly, stemmed the decline, he explained. the fair measurable trade? principle is an important part of calculating the rateable value of a pub, but it isn’topenly disclosed.The only tangible way to resolve concerns around a pubs rates valuation and achieve the best outcome is through formal appeal. The impact of revaluation has also been felt by Britain’s largest pub chains. In January, JD Whetherspoons chairman, Tim Martin, warned that business rates had contributed to the ‘significant costs? likely to affect profits for the remainder of 2018.
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