500 Large High Street Outlets at Risk of Closure Due to Rates Surcharge

UKH warns hundreds of venues could shut under new rates surcharge

Hundreds of large hospitality venues could face closure if the government goes ahead with plans to impose a new business rates surcharge on big properties, UKHospitality and the British Retail Consortium (BRC) have warned. According to UKH, the measure would threaten around 500 high street venues with rateable values above £500k, potentially affecting 120,000 jobs. The proposed surcharge, expected to apply to about 5,000 large premises across th…

500 Large High Street Outlets at Risk of Closure Due to Rates Surcharge

UKHospitality and the British Retail Consortium (BRC) have united to call on the Government to exempt hospitality and retail outlets from a planned business rates surcharge, which would see 5,000 high street properties over £500,000 rateable value affected by a higher tax rate. The trade bodies believe 500 premises would be put at risk of […]

Hospitality: Rates surcharge threatens high street closures - Harpers Wine & Spirit Trade News

According to trade bodies UK Hospitality (UKH) and the