Business Rates

Rishi Sunak considers hike in business rates to aid coronavirus recovery

2020-08-06T11:35:04+00:00August 6th, 2020|Business Rates|

The news that the Chancellor 'is said to have requested feedback from industry experts on whether luxury shops, offices and other large buildings should be subject to a higher business rate' should be very worrying for businesses across the UK. There is of course a wide range of different

Business rates for all retail and leisure businesses suspended for 12 months.

2020-03-18T12:23:47+00:00March 18th, 2020|Business Rates|

Maughan Mitchell welcome the news from the Chancellor that Business Rates relief will be extended, from 100% relief for smaller leisure and retail (as announced at the Budget), to all regardless of size, with smaller businesses now also being eligible for an additional £25,000 grant. With the increase in

Business Rates – Into 2020 and the pain of Business Rates continues to threaten the future of established High Street names

2020-01-16T14:43:00+00:00January 16th, 2020|Business Rates|

Maughan Mitchell are sad to see local department store Beales, established in Bournemouth in 1881, is facing Administration within days if a buyer cannot be found. This news comes only 2 months after Beales opened their newest store in Fareham, replacing the store which closed in Winchester in August

Queen’s Speech December 2019: Monarch outlines PM’s agenda

2019-12-19T16:50:53+00:00December 19th, 2019|Business Rates|

Government plans for a 50% business rate discount for small firms, including independent cinemas, music venues and pubs. At Maughan Mitchell we feel this proposed additional relief, from Business Rates, will be welcome news to businesses. In our view, however, it is only another sticky plaster on the broken

Will Brexit cut Business Rates and save the High Street?

2019-10-23T10:25:15+00:00October 23rd, 2019|Business Rates|

With retailers braced for rates bills increasing next year by over £130 million, could the move outside the European Union be used to help our High Streets? As legislation stands today, strict state aid limits set by the EU, of €200,000 per business over a three year period, prevent