The Pubs Code etc. Regulations 2016 (“the Pubs Code”) came into force on 21 July 2016. The Pubs Code introduced certain “trigger events” which would enable a tied pub tenant (TPT) to request a market rent only (“MRO)” tenancy from their landlord. In the event that the TPT and the pub owning business (“POB”) are […]
Earlier this week I presented at a seminar for the accountants Garbutt & Elliott in York. The topic was the 2017 Business Rates Revaluation and for such a dry subject there was a high attendance and 100% buy-in from my audience. The reason for this I think is because although it is a dry, stuffed […]
Business rates come up for review every five years. This latest revaluation was meant for 2015, but was delayed for two years. The reason for this is not as clear as it should be. The government claims this delay was to try and even out the huge fluctuation in commercial property values in the preceding period. […]
The revaluation of business rates for 2017 was published on 30th September 2016. The government revalues business rates every 5 years or so with the last revaluation in 2010 being based upon rateable values on 1st April 2008. These revaluations take place to adjust for the fluctuations and changes in the property market and because […]
