All Business rates articles – Page 5
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NewsOnline retailers launch new trade body to champion ecomm cause
Big-name pureplay retailers have formed an industry association to highlight their contribution to UK success and fight their corner – including on tax.
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NewsM&S boss Rowe hits out at ‘unbearable’ business rates burden
Marks & Spencer boss Steve Rowe has warned that the “unbearable yoke” of business rates will spark thousands more job losses unless the tax is overhauled by the government.
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NewsNext boss calls for business rates reform as Sunak delays government review
Next boss Lord Wolfson has called for business rates on high street stores to be slashed by a third to stem the tide of store closures.
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NewsBurberry becomes first non-essential retailer to return business rates relief
Luxury fashion giant Burberry is to voluntarily hand back savings made through business rates relief during the Covid-19 pandemic.
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AnalysisThe Big Question: How should business rates be reformed?
Ahead of the Budget on March 3, the thorny issue of business rates has again hit the headlines, with a joint letter, spearheaded by Tesco, calling for a digital tax to be levied on pureplays. Retail Week asks experts what can be done to make business rates fairer?
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NewsRetail bosses demand business rates reform and online sales tax
Bosses from 18 retailers have called on chancellor Rishi Sunak to permanently cut business rates in a bid to save the high street.
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OpinionAlex Baldock: ‘Raise rates for warehouses to save the high street’
We’re now only weeks away from the end of the government’s business rates holiday. I’m sure many of us are grateful for a decisive and vital measure that, for some retailers, has made the difference between surviving the pandemic and not.
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NewsBRC urges government action as store vacancies soar
The British Retail Consortium (BRC) has urged the government to extend the business rates holiday beyond April to avoid more high street damage after vacancy rates soared at the end of 2020.
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Opinion‘Asos and Boohoo swoops for Topshop and Debs are changing of the guard’
If proof were needed of the scale of change underway in retail, it came this week as pureplays Asos and Boohoo swooped on two of retail’s most venerable high street names.
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NewsWaterstones boss warns store closures loom without further rates relief
Waterstones boss James Daunt has warned that without either an extension to the business rates holiday or other reforms before April, he could be forced to close stores.
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NewsDixons boss Alex Baldock: ‘Business rates reform will save jobs’
Dixons Carphone boss Alex Baldock has remained staunch on his decision not to repay business rates for the time being and urged the government to review the issue.
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NewsMcColl’s to hang on to rates rebate as Covid costs outweigh savings
C-store retailer McColl’s is set to keep the business rates rebate it was given by the government in March as its chief executive says Covid-related costs have since outstripped the money saved.
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OpinionRoger Wade: ‘We need to level the playing field between online and high street’
Last week brought the end of shopping restrictions as retail returned across the UK. Sadly, the second lockdown did more damage than we ever expected as high street retailers suffered a double blow of not only the pandemic, but online competition.
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NewsKingfisher agrees to return business rates relief in full
The board of home and DIY giant Kingfisher has agreed to return more than £130m in business rates relief in full, becoming the latest retailer to do so.
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Opinion‘Essential retailers may have shot sector in foot with rates relief repayments’
In the space of a few days, a wave of essential retailers has voluntarily returned the best part of £2bn in business rates relief to the government. In doing so they have won the public relations battle, but have they lost the long-term rates reform war?
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NewsLidl joins retailers returning business rates relief with £100m payback
Discounter Lidl has become the latest retailer to agree to waive the business rates relief it received at the start of the pandemic by repaying £100m to the government.
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NewsB&M and Pets at Home follow grocers and forego rates relief
Value giant B&M and specialist retailer Pets at Home have become the latest retailers to waive business rates relief after Tesco sparked a spate of such initiatives earlier this week.
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NewsAsda to repay £340m in business rates relief
Asda has become the latest in a growing list of grocers to voluntarily waive business rates relief and repay the government in full.
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NewsAldi becomes latest grocer to commit to repaying business rates relief
Discount grocery chain Aldi has said this morning it will pay back over £100m in business rates relief, becoming the fourth grocer to do so in 24 hours.
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NewsSainsbury’s and Morrisons to repay £714m business rates relief
Grocery chains Sainsbury’s and Morrisons have both followed Tesco’s lead by committing to repay a combined £714m of business rates relief.