Altus Group UK

The revaluation of business rates comes into effect Saturday. Across London’s 32 boroughs and the City rateable values are up 6.1% by £536.53 million for offices which will see overall bills rise by £203 million for 2023/24. altusgroup.com/insights/annua…

Find out how the first business rates revaluation for six years will affect businesses in England and Wales - Our Annual Business Rates Review 2023 is now available. altusgroup.com/insights/annua…

The UK’s retail sector had a bruising year in 2022 as more shops closed their doors than at any other point for at least five years with industry groups warning that 2023 will be similarly challenging. retailgazette.co.uk/blog/2023/01/4…

The Premier League’s 20 stadiums will face almost £7 million in extra taxes next year after their valuations were pushed higher. independent.co.uk/business/premi…

The Chancellor has unveiled an almost £14 billion package of property tax support for firms as the Government revealed it has scrapped a potential online sales tax. lbc.co.uk/business/fc3d9…

The number of pubs closing across the UK has doubled in the last 3 months - harpers.co.uk/news/fullstory…

Did you know that the total business rates liabilities for physical retail businesses before the pandemic amounted to 2.42% of their revenue, whilst it was only 0.34% for large online retailers. Find out more - altusgroup.com/insights/annua…

This year’s review comes at a pivotal time. With a Revaluation just around the corner amidst turbulent economic conditions - this will inevitably catalyse significant shifts in rents and rateable values during the next cycle. Read the report in full - altusgroup.com/insights/annua…

Our Annual Business Rates review is now available. Our annual report takes an in-depth look into property taxation and business rates in the UK and the impact of changes ahead on UK businesses. Read it in full here - altusgroup.com/insights/annua…

The total number of pubs dropped below 40,000 during the first half of 2022 - a fall more than 7,000 compared with a decade ago. telegraph.co.uk/family/life/gr…

In response to the pandemic the Government provided 100% business rates relief to all hospitality businesses. Next April, Business rates are set to rise by £5bn after they were left out of the Chancellor's mini budget today. morningadvertiser.co.uk/Article/2022/0…

All of us at Altus Group UK would like to express our sorrow at the death of Her Majesty Queen Elizabeth. She has been an inspiration to the United Kingdom, and to us, for all of our lives. She will be sorely missed. 1/2

We also offer our condolences and respects to our new monarch, His Majesty King Charles III, and wish him a long and happy reign. 2/2

Whilst pubs proved to be 'remarkably resilient' during the pandemic, the energy crisis and inflation are creating 'new headwinds' edition.cnn.com/2022/08/30/bus…

3,165 businesses entered insolvency whilst they were awaiting the result of a business rates challenge. independent.co.uk/news/uk/resear…

Pubs are facing increased labour, food and energy costs. Inflation reached 9.1% in May and hospitality companies have been forced to raise prices to stay afloat. independent.co.uk/business/jd-we…

In the last 10 years, the UK has lost more than 7,000 pubs. Those wiped from the streets have either been demolished, or repurposed into homes or offices. metro.co.uk/2022/07/05/map…

After struggling through Covid, the industry is now facing soaring prices and higher energy costs. The pubs which had 'disappeared' had either been demolished or converted for other purposes - meaning that they were 'lost forever'. bbc.co.uk/news/business-…

Are you paying too much in business rates? Time is running out to challenge your rateable value for the 2017 rating list. You could be due savings backdated to 2017. Get in touch to find out more. info.altusgroup.com/business-rates…

"Asking underperforming sectors and regions to pay more in tax to help subsidise those better-faring economies simply does not support the government’s ambitious desire to ‘level up’." - Robert Hayton, UK President at Altus Group. ow.ly/CSxM50JuEru