'Business Rates'

Our reaction to today's Autumn Statement: Failure to reduce tax could send some businesses over the wall

Date: 23/11/2016
Description:

Edward Cooke, Chief Executive at retail property body Revo, reacts to today’s Autumn Statement:  

Whilst the Chancellor's commitment to reduce the cap on next year's increase for large properties – over a rateable value £100,000 – from 45% to 42% in 2017-18, and then from 50% to 32% the year after will be welcomed ...

BCSC reacts to business rates appeals reform

Date: 07/07/2016
Description:

The government has announced plans for businesses to benefit from a quicker and more efficient service when checking and challenging their business rates bills.

Following a period of consultation, the government is to streamline the appeals system in England through a new ‘check challenge appeal’ process.

The process is designed to help prevent speculative appeals and make sure genuine disputes are settled more quickly for all involved.

At present, the vast majority of cases do ...

BCSC reacts to DCLG report on Business Rates

Date: 13/06/2016
Description:

 

The Government must address a range of issues, including problems with appeals and withdrawing Revenue Support Grant (RSG), before bringing in 100 per cent business rates retention for councils – the Communities and Local Government Committee (DCLG) has said in a new report.

 

Edward Cooke, Acting Chief Executive of BCSC said: 

“We welcome this report, and in particular the points it makes on the need for Government to invest in improving transparency in the ...

BHS Collapse: BCSC says retailers must adapt

Date: 03/06/2016
Description:

 

Edward Cooke, Acting Chief Executive, BCSC commented: 

“Today’s announcement that the rescue bid to save BHS has collapsed, serves to demonstrate how essential it is for retailers to adapt in pace with the changes in the way consumers shop, in order to survive and thrive

“Now that administrators have been instructed to sell BHS’ 163 stores, I think we will see a lot of interest from a range of retail occupiers as well as leisure operators and even ...

Tesco Results: BCSC Comment

Date: 13/04/2016
Description:

Edward Cooke, Director of Policy and Public Affairs, BCSC, commented:

“Following last year’s large property write-down, in today’s results from Tesco we hear how the UK’s largest retailer is advancing with its land sales and the closure of unprofitable stores. These latest results signify a conscious move towards ownership and a continued rebalance of Tesco’s property portfolio in response to increased competition in the grocery market.

“This all stands ...

BCSC Budget Reaction: Business rates reform too weak and too slow

Date: 16/03/2016
Description:

 

 

Edward Cooke, Director of Policy and Public Affairs BCSC, said:

"We are still of the opinion that annual uprating of business rates doesn’t reflect the way other businesses tax rates are determined and therefore puts businesses heavily reliant on the use of property to sell goods and services at a distinct disadvantage.   

“The Chancellor talked positively about retail in his speech, but the lack of urgency speaks louder than words – as does the fact ...

Walmart-Asda update in the spotlight following ALDI expansion

Date: 18/02/2016
Description:

 

 

John Coyne, Chief Executive, British Council Shopping Centres (BCSC), the authoritative voice of the retail property industry with over 2,500 members, said:

Walmart-Asda’s trading update on Thursday will follow Aldi’s news that it is opening 80 new stores in the UK – and it stands to highlight the continued physical change that we’re seeing on the high street, in shopping centres and on retail parks up-and-down the country.

“The ‘big ...

BCSC Calls for a Level Playing Field with Online Retailers

Date: 28/01/2016
Description:

 

With the Government facing further questions over the ‘Google tax deal’, amid calls for greater transparency about how the £130m settlement was reached, online retailer Amazon is set to report its results and heavy investment in its web services business. 

Edward Cooke, Director of Policy and Public Affairs, British Council of Shopping Centres (BCSC), said: 

"Clearly physical stores face an unfair playing field when it comes to competition from tech giants ...

Business Rates | Who Pays and Why it Matters

Date: 10/12/2015
Description:

 

 

This report, produced by the BCSC in partnership with the BPF and BCO, establishes who pays business rates; owner or occupier?

The evidence independently produced and wider ranging than anything published before has far reaching consequences for policy makers.

Using this evidence, and in partnership with other campaign groups, we will continue to lobby for changes to the business rates system.

 

 

Click here to view the report.

BusinessRates_WhoPays

PRESS RELEASE | BCSC on Spending Review and Autumn Statement: "Lots of Talk But No Action On Business Rates"

Date: 25/11/2015
Description:

 

The British Council of Shopping Centres (“BCSC”) responds to UK Chancellor George Osborne’s Spending Review and Autumn Statement 2015.

Edward Cooke, Director of Policy and Public Affairs, BCSC: “Business rates continue to be the elephant in the room with lots of talk but no action from government to address the major issues of this outdated tax

“All we have heard is that, having failed to tackle the issue, government is now proceeding to gradually ...

PRESS RELEASE | Industry Unites to Reject Antagonistic and Costly Business Rates Appeals Change

Date: 24/11/2015
Description:

 

Lobbying for change

The retail and property industries have joined forces to lobby for a change to the Enterprise Bill, being debated in the House of Lords on 25 November, which is set to reverse promises made by government on reforming the dysfunctional business rates appeals system.

In an open letter to the High Streets Minister, Marcus Jones MP, the British Council of Shopping Centres (BCSC), the British Retail Consortium, the British Property Federation (“BPF”), the ...

PRESS RELEASE | BCSC: Business Rates Plan will see councils sink or swim

Date: 05/10/2015
Description:

 

BCSC questions how approach will work in practice

Chancellor George Osborne has told the Conservative Party Conference that the Government plans a ‘devolution revolution’ and the revitalisation of Britain’s high streets by allowing councils to keep all the money they raise from business rates.

In what the Chancellor described as the biggest transfer of power to local government in living memory, Mr Osborne said that all of the £26 billion raised from business ...

BCSC Writes to New Ministers Asking for Swift Action on Infrastructure, Skills and Business Rates

Date: 14/05/2015
Description:

The British Council of Shopping Centres (“BCSC”) has written to Ministers taking on new areas of responsibility in David Cameron’s overall majority government.

In a letter to the new Secretary of State for Communities and Local Government, Greg Clark MP, BCSC outlines the need for government to quickly create the conditions necessary to ensure “vibrant and thriving town centres.”

Edward Cooke, Director of Policy & Public Affairs, BCSC, said:

“It is ...

BCSC Comments on Launch of the Government's Business Rates Review

Date: 18/03/2015
Description:

COMMENT

 

In connection with today’s launch of the Government’s review of business rates, please see below a comment from David Atkins, President, British Council of Shopping Centres (BCSC). 

 

David Atkins, President, British Council of Shopping Centres (BCSC) said: 

 

“We welcome today’s launch of the government’s business rates review and hope it leads to a new system which is internationally competitive and more responsive to ...

Post Budget Comment from British Council of Shopping Centres BCSC

Date: 18/03/2015
Description:

Edward Cooke, Director of Policy and Public Affairs, BCSC commented:


“It’s been a good week for business. Today the Chancellor has pushed ahead with ‘rates for the regions’; Manchester and Cambridge will keep 100 per cent of their business rates growth. And we can expect others to push at that door too.


“The government is offering ‘goodies not gimmicks’ in its final pre-election Budget, but we must keep focus on the real news for the retail property ...

BCSC President Writes to Chancellor

Date: 17/02/2015
Description:

 

Hammerson chief executive David Atkins has written to the Chancellor to argue the business rates system is “no longer fit for purpose”. 

 

David Atkins has written to George Osborne on behalf of BCSC to describe business rates as “anachronistic, opaque and only able to function with a large number of inefficient exemptions and reliefs”.


Letter to the Chancellor

 

 

 

Last Ditch Attempt at Reform for "Archaic" Business Rates System

Date: 28/11/2014
Description:

PRESS RELEASE | 28/11/2014 

 

UK RETAIL PROPERTY INDUSTRY MAKES LAST DITCH ATTEMPT AT REFORM FOR “ARCHAIC” BUSINESS RATES SYSTEM


The UK retail and property sectors are poised to hear whether the Chancellor will use his final chance to make meaningful reforms to the business rates burden in his Autumn Statement, according to the British Council of Shopping Centres (BCSC).

 

The retail property trade body, which counts a wide range of FTSE listed property ...

Thousands of Small Shops Across the Country Getting New Tax Breaks

Date: 11/09/2014
Description:

Press release

 

Thousands of small shops across the country getting new tax breaks

 

From:Department for Communities and Local Government and Penny Mordaunt MP History:Published 11 September 2014  Part of:Improving high streets and town centres and UK economy ...

 

Around 300,000 retail premises are getting our new £1,000 business rates discount.
In her first major speech new High Streets Minister Penny Mordaunt tells retailers that business rates support is now ...

Guidance note 47: business plans

Date: 15/02/2006
Description: GUIDANCE NOTE No. 47 BUSINESS PLANS Prepared by BCSC ASSET AND CENTRE MANAGEMENT COMMITTEE FEBRUARY 2006 1. Introduction Contents: This paper has been prepared to offer the shopping centre industry guidance on business plan preparation and operation, but given the diversity of the industry and parties involved in the latter, the note should not be seen as prescriptive, but rather as a menu which parties can use as an “aide memoire” in looking to create and operate a business plan. ...

Business Rates: Who Pays and Why it Matters

Date: 10/12/2015
Description: Business Rates: Who Pays and Why it Matters A Report by Regeneris Consulting Business rates: Who Pays and Why it Matters? Business rates: Who Pays and Why it Matters? British Property Federation, British Council for Offices, British Council of Shopping Centres Business Rates: Who Pays and Why it Matters December 2015 Regeneris Consulting Ltd www.regeneris.co.uk Business rates: Who Pays and Why it Matters? Contents Page Executive Summary i 1. Study Purpose and Objectives 3 2. The Policy ...

BCSC Budget 2016 Comment

Date: 17/03/2016
Description: view in browser Follow us: #BCSCinsight #Budget2016 Yesterday was a reminder that Budget statements are more about politics than they are economics. Given the current rocky relationships within the Conservative party and the Chancellor’s ever closer date with leadership destiny, yesterday was always going to support this theory. Raids on pensions and increases in fuel duty were no goes, wrestling schools from the manipulative clutches of local education authorities and supporting small ...

Check, challenge, appeal – Consultation on statutory implementation

Date: 26/09/2016
Description: September 21, 2016 Rt. Hon. Sajid Javid MP Secretary of State for Communities and Local Government Department of Communities and Local Government Fry Building 2 Marsham Street London SW1P 4DF Cc: Marcus Jones MP, Minister for Local Government Jane Ellison MP, Financial Secretary to the Treasury Dear Secretary of State, Check, challenge, appeal – consultation on statutory implementation We are writing to you as trade associations representing a range of businesses 1 to raise our concerns ...

Local Authortiy Regeneration Projects

Date: 11/11/2016
Description: Revamp Revitalise Regenerate Showcasing inspiring Local Authority regeneration projects. Sponsored by: 02 REGENERATION Introduction 03 A word from our sponsor 04 Adur & Worthing Council: Restaurant Quarter, Montague Centre 06 12 The Retail and Town Centre Consultancy and Development team at Carter Jonas has a wealth of experience advising local authorities, developers, investors and businesses on the planning, regeneration and transformation of centres and places; from inception through to ...

Investing in the UK Retail Market: a Global Opportunity - Report Highlights

Date: 20/01/2017
Description: Investing in the UK retail market: A global opportunity Report highlights Executive summary Retail is one of the UK’s success stories: a vibrant and innovative sector generating £326 billion in sales each year and directly employing around 3 million people. Given its status, it is hardly surprising that many international retailers have made, and continue to make the UK a key target for their expansion activity. It is easy to take this success for granted and to assume that the UK is ...