Revo’s business rates campaign is gathering real momentum
Our campaign for the swift and radical reform the business rates system in England is gathering momentum, attracting widespread industry support, growing political backing, and high-profile media attention.
We’re investing significant energy and resources into this campaign to put pressure on the Government to fundamentally overhaul this outdated and malfunctioning system which is placing a disproportionate burden on bricks and mortar retail. We believe the current regime is not only contributing significantly to retail failures and job losses in our towns and shopping centres but is also deterring international investment into the UK.
Revo is calling on Government to:
- Reduce the Uniform Business Rate (UBR) to 30p at the next revaluation in 2023, from the current 51p+
- Commit to annual revaluations after 2023 and abolishing transitional arrangements
- Extend the rates relief on empty retail units to 12 months at 100% and introducing a 50% rate relief after this period
- Maintain business rates relief for retail at 50% from April 2021 and extend this to include empty units – to support retail businesses in the short term ahead of the 2023 revaluation
- Revo was mentioned in Parliament during the Non-Domestic Rating Bill debate on 30 September, after we contacted over 100 MPs
- Our CEO Vivienne King was a keynote speaker at all three main political party conferences in September and October, securing attendance from government ministers, constituency MPs, key council leaders and mayors
- Revo helped its members respond to the Government consultation in September, resulting in 57 member submissions
- We have liaised with key organisations to ensure alignment across industry responses and support for Revo’s policy positions – including with the BPF, BRC, ATCM, NWEC, CBI, Debenhams, Primark and Tesco
- Revo has engaged with HMT and top civil servants, including a direct approach to Chancellor Rishi Sunak MP
- We have initiated a high-profile media campaign with coverage in The Daily Telegraph, Property Week, Estates Gazette, Drapers and other titles
At the end of October Revo will submit a second consultation response to HMT, covering the changes to the valuations system needed to enable annual revaluations, the need for government to invest in new technology and additional resourcing in the business rates and appeals infrastructure and exploring alternative forms of tax. We will also be supporting members as they make their own submissions ahead of the 31 October deadline.
We are encouraging members to contact their constituency MPs to discuss the impact of the current rates burden on their business. This is a key time to contact your political representatives as the Government’s consultation is ongoing and as the Non Domestic Ratings Bill makes its way through Parliament. Please contact Helen or guidance on how to contact your MP or to discuss other ways to get involved in Revo’s business rates campaign.