Business rates changes offer welcome relief and greater certainty for high streets

Commenting on business rates, Chris Baldwin, partner and Real Estate Advisory lead at Deloitte, said:

"Today’s changes provide welcome relief for many businesses facing continued pressure from property costs. Raising the threshold for small business rate relief should take more smaller retail, hospitality, and leisure businesses out of business rates altogether, while targeted support for pubs and venues will help some of the businesses most exposed to rising bills.

“For businesses more broadly, greater certainty over rates will be important. Business rates remain a significant fixed cost, so limiting sharp increases can give businesses more confidence to invest in their premises and plan for growth.”

ENDS

Note to editors

Deloitte spokespeople

Deloitte has a range of spokespeople available to comment on today’s Budget. They can be reached on 02920 927541 or one of the following numbers: 

• Amanda Tickel – head of tax and trade policy (+44 7920 270964)
• Debo De – chief economist (+44 7887 629107)
• Rachel McEleney – personal tax (+44 7774 337581)
• Alison Lobb – corporate tax (+44 7774 337581)
• Michael Nicolaides – employment tax (+44 7586 511104)
• Toby Price – stamp duty (+44 7824 895798)
• Andrew Clarke – VAT (+44 7887 629107)
• Chris Baldwin – business rates (+44 7785 682226)
• Ed Roddis – public sector (+44 7785 682226)
• Peter Johnson – FS/bank tax (+44 7586 511104)
• Annis Lampard – private tax (+44 7824 895798)
• Richard Bray – Places (+447990434703)
• Ian Goodsell – Private client (+447990434703)

About Deloitte

In this press release references to "Deloitte" are references to Deloitte in the United Kingdom. The information contained in this press release is correct at the time of going to press. 

In the United Kingdom, Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.

Deloitte LLP’s affiliate (Deloitte Management Services Limited) is a shareholder in Deloitte EMEA BV (Deloitte EMEA). Deloitte EMEA is a member firm of Deloitte Touche Tohmatsu Limited (DTTL). DTTL and Deloitte EMEA do not provide services to clients. Services may be provided by other Deloitte entities within the global network of member firms, each of which are separate and independent legal entities. Please see www.deloitte.com/about to learn more about our global network of member firms.

The information contained in this press release is correct at the time of going to press.

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