Promises of reform and renewal of the business rates tax system have been around almost as long as business rates have been in place. Most recently, the controversial fiscal statement given in September of this year pledged certain reliefs on business rates within Investment Zones. One of the biggest concerns that commercial property owners and tenants currently face is the removal of certain business rates reliefs. In fact, there has been very little mention of any help coming for business rates taxpayers. With no definitive answer on what is happening with business rates, commercial property owners and tenants only know one thing – an increase is imminent.

Source: The Times November 15, 2022 10:19 UTC