Retailers brace as business rates costs soar to over £37bn
UK retailers are braced for a fresh cost increase, with nationwide business rates receipts set to rise over 10% from tomorrow to more than £37bn.
With a new business rates cycle set to come into effect from April 1 across England, Scotland and Wales, new data from global tax firm Ryan shows that the costs of business rates are expected to hit £37.1bn this year – a 10.1% increase of more than £3.4bn.
Already have an account? Sign in here