The UK government has launched a new consultation aimed at gathering feedback and insights from businesses across the country on how to improve the country’s business rates system.
Business rates, which are a tax on commercial properties such as shops, offices, and pubs, are a major expense for many businesses in the UK. Despite this, the system has faced criticism in recent years for being complex, outdated, and unfair.
In response to these concerns, the government is now seeking input from businesses of all sizes and sectors on how the system could be improved. The consultation will focus on a range of issues, including the valuation of commercial properties, the frequency of rate reviews, and the effectiveness of relief measures.
According to the government, the feedback gathered through the consultation will be used to inform the development of a new business rates system that is fair, transparent, and reflective of the needs and concerns of UK businesses.
In a statement, the government said: “We understand that business rates are a significant expense for many businesses in the UK, and that the current system can be complex and difficult to navigate. That’s why we are seeking feedback from businesses of all sizes and sectors on how the system could be improved. We believe that by working together, we can develop a new business rates system that is fair, transparent, and reflective of the needs and concerns of UK businesses.”
The consultation is open to businesses of all sizes and sectors, and will remain open until April 19, 2023.
We are currently not sure how publicans can take part in this research, but a link will be posted here once found out.
The Pubs Advisory Service works in conjunction with many businesses to increase their profitability and to help them resolve disputes. If you would like help with your pub business, then please contact us by clicking HERE.