Business rates cap will not go far enough for UK retailers, says Eversheds
In response to the UK chancellor’s announcement that the rise in business rates will be limited to two per cent, Philip Myers, real-estate dispute resolution expert at Eversheds, has said that retailers are unlikely to agree that this goes far enough.
Myers also said that retailers will remain hopeful that the government will bring forward its review of rateable values, which is currently set for 2017.
He added: ‘We are experiencing an exponential growth in business rates challenges. Unless a root-and-branch review of the entire system is undertaken in the short term, we foresee yet more litigation in this fast-evolving area and the continued proliferation of avoidance schemes.’
News from Eversheds
News from The Lawyer
Briefings from Eversheds
The current EU market abuse regime is in line for an overhaul. It is anticipated that the implementation of the new proposals may not come into force until 2016.
The ‘unfair relationship’ concept in respect of credit agreements was introduced into the Consumer Credit Act 1974 on 6 April 2007.
Analysis from The Lawyer
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe