Altus Group UK

The leading provider of commercial property consulting and professional advisory services.

[Altus Group UK @AltusGroupUK]

The revaluation of business rates comes into effect Saturday. Across London’s 32 boroughs and the City rateable values are up 6.1% by £536.53 million for offices which will see overall bills rise by £203 million for 2023/24. https://t.co/7hSL12uSAO

[Altus Group UK @AltusGroupUK]

Find out how the first business rates revaluation for six years will affect businesses in England and Wales - Our Annual Business Rates Review 2023 is now available.
https://t.co/7hSL12uSAO

[Altus Group UK @AltusGroupUK]

The UK’s retail sector had a bruising year in 2022 as more shops closed their doors than at any other point for at least five years with industry groups warning that 2023 will be similarly challenging.

https://t.co/r6XuyVOSqN

[Altus Group UK @AltusGroupUK]

The Premier League’s 20 stadiums will face almost £7 million in extra taxes next year after their valuations were pushed higher.

https://t.co/j9kQSo1N86

[Altus Group UK @AltusGroupUK]

The Chancellor has unveiled an almost £14 billion package of property tax support for firms as the Government revealed it has scrapped a potential online sales tax.
https://t.co/t3ZNs2cXId

[Altus Group UK @AltusGroupUK]

The number of pubs closing across the UK has doubled in the last 3 months - https://t.co/4R3yjddEaS

[Altus Group UK @AltusGroupUK]

Did you know that the total business rates liabilities for physical retail businesses before the pandemic amounted to 2.42% of their revenue, whilst it was only 0.34% for large online retailers.

Find out more - https://t.co/VyOoLNQvxI

[Altus Group UK @AltusGroupUK]

This year’s review comes at a pivotal time. With a Revaluation just around the corner amidst turbulent
economic conditions - this will inevitably catalyse significant shifts in rents and rateable values during the next cycle. Read the report in full - https://t.co/VyOoLNPXIa

[Altus Group UK @AltusGroupUK]

Our Annual Business Rates review is now available. Our annual report takes an in-depth look into property taxation and business rates in the UK and the impact of changes ahead on UK businesses. Read it in full here - https://t.co/VyOoLNPXIa

[Altus Group UK @AltusGroupUK]

The total number of pubs dropped below 40,000 during the first half of 2022 - a fall more than 7,000 compared with a decade ago.

https://t.co/dxGLR3E3Tb

[Altus Group UK @AltusGroupUK]

In response to the pandemic the Government provided 100% business rates relief to all hospitality businesses. Next April, Business rates are set to rise by £5bn after they were left out of the Chancellor's mini budget today.

https://t.co/xrk8b7wyeV

[Altus Group UK @AltusGroupUK]

All of us at Altus Group UK would like to express our sorrow at the death of Her Majesty Queen Elizabeth. She has been an inspiration to the United Kingdom, and to us, for all of our lives. She will be sorely missed. 1/2

[Altus Group UK @AltusGroupUK]

We also offer our condolences and respects to our new monarch, His Majesty King Charles III, and wish him a long and happy reign. 2/2

[Altus Group UK @AltusGroupUK]

Whilst pubs proved to be 'remarkably resilient' during the pandemic, the energy crisis and inflation are creating 'new headwinds' https://t.co/wRuOfRvJjq

[Altus Group UK @AltusGroupUK]

3,165 businesses entered insolvency whilst they were awaiting the result of a business rates challenge. https://t.co/wuNIMDjrKE

[Altus Group UK @AltusGroupUK]

Pubs are facing increased labour, food and energy costs. Inflation reached 9.1% in May and hospitality companies have been forced to raise prices to stay afloat.

https://t.co/4xVhwdtCWS

[Altus Group UK @AltusGroupUK]

In the last 10 years, the UK has lost more than 7,000 pubs. Those wiped from the streets have either been demolished, or repurposed into homes or offices.

https://t.co/fIQXsYT39k

[Altus Group UK @AltusGroupUK]

After struggling through Covid, the industry is now facing soaring prices and higher energy costs. The pubs which had 'disappeared' had either been demolished or converted for other purposes - meaning that they were 'lost forever'.

https://t.co/GGhI1BaovQ

[Altus Group UK @AltusGroupUK]

Are you paying too much in business rates? Time is running out to challenge your rateable value for the 2017 rating list. You could be due savings backdated to 2017. Get in touch to find out more.

https://t.co/7fWnwMPUOJ

[Altus Group UK @AltusGroupUK]

"Asking underperforming sectors and regions to pay more in tax to help subsidise those better-faring economies simply does not support the government’s ambitious desire to ‘level up’." - Robert Hayton, UK President at Altus Group.

https://t.co/Z6NTFcPMmU