The Budget 2020 – Business Rates reaction

Martin Davenport, head of business rates at property consultancy Hartnell Taylor Cook said: “Today’s announcement will have unimaginable effects on businesses across the country. Half of UK businesses can now breathe a little easier, feeling the weight of business rates ease off their shoulders.

“It’s giving each business, on average, £25,000 extra to play with, helping them ride out an already trying trading climate put into crisis with the coronavirus. It is a shame that businesses with a rateable value over £51,000 won’t feel the benefits but is of course a step in the right direction.”

“However, the business rates system is still riddled with issues on many fronts, so Mr Sunak’s promise to assess the system further in autumn is absolutely necessary.

“Many businesses in the Midlands and the North are paying rates they shouldn’t be. In these places, occupiers have seen their rents and rateable values halved, while their rate bills stay largely the same due to downward transition.

“The current appeals system of Check, Challenge, Appeal (CCA) is cumbersome, complex and discouraging for businesses; it’s a blocker, rather than a gateway, to businesses seeking a fair rate. In an tricky trading climate, we need a rates system that encourages regeneration rather than curbing it. A change we desperately need is a less bureaucratic appeal system.”

Contact – Martin Davenport – 020 7788  3809

Further information:

Rating

COVID 19 – BUSINESS UPDATE

Following the Government announcement on 31st October, we are pleased to advise that our colleagues continue to operate successfully, with the majority working from home, and we do not anticipate any impact to the service provided. We remain fully contactable on either mobile phone or email.

Alternatively, if you are uncertain who to contact then please call our main reception on 0117 923 9234 between normal office hours 9.00am to 5.30pm for help.

If you require further information on a particular property we are currently marketing, the details are set out on our website (click here).

If you have an enquiry regarding a property we manage, please contact the appropriate property/facilities manager (https://www.htc.uk.com/about-us/team/). In addition, you could contact our 24/7 helpdesk available on 0345 241 1528.

If you do experience a delay in contacting your chosen Hartnell Taylor Cook representative we thank you for your patience during the current situation.

Hartnell Taylor Cook
5th November 2020