New business rates could damage pub industry

The Chancellor is being urged to consider reforming the way that rateable values for pubs are calculated.

Research has found that nearly half of all pubs will see a significant rate liability rise when the new 2017 List is due to take effect in April.

Unlike most other businesses, pubs are valued on fair maintainable trade.  This takes account of the type of pub, the area its in and the services it offers, such as food, rooms to let, sport, etc.

The BBPA (British Beer and Pub Association) has found that pubs foot 2.8% of the total national rates bill and yet it represented just 0.5% of national business turnover.

If you are running a pub in the South East contact us now for business rates advise on 01273 326171.