VOA refuses to deal with group of #businessrates agents. Excellent to see @voagovuk taken decisive action against rogue firms and individuals. Especially important given looming revaluation https://t.co/soREUNItuX
@RickSkilbeck@AArmstrong_says@LaraInCornwall@RachelReevesMP It's interesting that para 4.30 which refers to extending SSBR to those losing RHL relief doesn't mention the TR cap, but I suppose it's a logical extension of the explanation in 4.29. Will have to await the full details. In the meantime confusion reigns supreme.
@RichSeal_@dustonlandlady Cannot comment on whether the 2026 assessment is fair or not. Pub rates are based on trading performance. But if the pub is presently getting the 40% RHL discount then its bill won’t increase by more than £800 pa for the next 3 years under the SSBR scheme.
@AArmstrong_says@LaraInCornwall@RachelReevesMP There is also the Supporting Small Business Relief which applies to those who are receiving the 40% RHL discount this year. Their bill increases will be capped at a maximum of £800 for each of the 3 years until the next revaluation.
I struggle to see how today's announcements regarding #businessrates fulfil the manifesto commitment to 'replace the business rates system'. And only time will tell if they fulfil the promise to 'level the playing field between the high street and online giants'. #autumnbudget
@Dan_W_91 Yes. The 5 new multipliers have been published. Taken together with the transitional relief scheme and an expanded Supporting Small Business Relief, there will be some complex and confusing calculations required.
Supermarkets not excluded from the rates supplement to be paid by large firms despite strong industry lobbying. No business should have to pay more given that #businessrates are already the highest comparable property tax worldwide #autumnbudget
@emmaljones Not quite as the 750k includes all small businesses, not just those in RHL. My guess (no more than that) is that about half the 750 are RHL, which means another half will benefit from the new discounts - assume details of these will be in Red Book
Business rates - permanently lower tax rates for 750k hospitality businesses, paid for by properties valued at £500k+. Plus £3.4bn support package for retailers struggling with bills, plus customs on parcels at any value #Budhet2025
No details on #businessrates changes from the dispatch box. Guess if they were going to be warmly welcomed by business we would have heard more by now. #autumnbudget
OBR forecasting #businessrates growth from £33.6bn this year to £42bn in 2030 dampens hope for all businesses, including retail hospitality and leisure who were promised permanent relief. No doubt they'll receive a discount but will it suffice?
Given that #businessrates are already the highest comparable property tax worldwide, large firms wait with baited breath to learn of the surcharge to be applied to those with rateable value assessments of £500,000 or above. And will large shops be excluded? #autumnbudget
Never before have firms faced such worry over #businessrates on Budget day. Will the likely cut in the tax rate (UBR) be adequate given rising rates assessments and will the discount for retail hospitality and leisure be more or less than the current 40% relief? #autumnbudget
@MelJStride@Conservatives At its 2021 party conference Labour promised to abolish #businessrates for all, but has reneged and will raise £30bn from the tax next. @conservatives conducted multiple reviews whilst in Government all of which led to mere tinkering. Cynical? Moi!
Unacceptable that ratepayers will have to wait so long for a clue as to how their #businessrates bills will change next April. Government has all the data it needs to be able to provide details now. How can biz plan if it has no idea by how much bills will increase or fall?
The Chancellor @RachelReevesMP has commissioned the @OBR_UK to prepare an economic and fiscal forecast to be presented to @UKParliament alongside the Budget on 26 November 2025.
@AArmstrong_says This Government treading the same sorry path as its predecessors when it comes to genuine #businessrates reform. All talk and spin without providing real assistance.
Excellent to see @VOAgovuk taking action in this way. Businesses need to be protected from possible rogue agents when taking #businessrates advice. Temporary suspension of business rates agents https://t.co/Z85lE6EMFY
Opinion: "They vow to do something about it but end up extending a few reliefs and launching a review, which is quietly forgotten"
Shah on property: business rates and the tragedy of political horizons | @OliverShah
https://t.co/71e6JuEj85