Eversheds’ Batham comments on BIS Select Committee report into UK business rates
James Batham, partner and real-estate expert at Eversheds, has commented on the Business, Innovation & Skills (BIS) Select Committee report into business rates in the UK.
Batham said that in its report published on 4 March, the BIS Select Committee has become the latest body to criticise the current business rates system as ‘not fit for purpose’ and has called for a ‘wholesale review’ by the government.
He said: ‘The government has promised reform of the current system by 2017, but concerns have recently been raised that they won’t go far enough to address the fundamental problems affecting high-street retailers, such as the increase in online sales and the outdated link between the Retail Price Index and business rates.
‘Retailers and the property industry alike will be hoping that the government will take notice of the increasing number of influential bodies who are demanding a radical overhaul to revive the British high street.’
News from Eversheds
News from The Lawyer
Briefings from Eversheds
Food and drink businesses that have headquarters in Switzerland or commissionaire arrangements are likely to be affected by the changes.
What is behind the success of public-private partnerships (PPPs) and what is the potential for their future use in Africa?
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