BID Insight: Business Rates

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The revaluation of business properties rateable values and the revisions to business rates has given rise to have caused turmoil. The press is full of anger from businesses facing increases of 100, 200 even 300% in their rates. Ministers promise solutions, but they are only likely to soften the transition.

 

Winchester BID, working with the Southern Policy Centre, is hosting a breakfast seminar to help our members understand the facts. It will look at changes across Winchester and our near neighbours, examining the impact on different business sectors. It will also try to explore in more detail the picture in the BID area, and look at what costs our members face, and where the changes hit hardest.

 

Armed with this information and our members’ comments, ideas and suggestion, we will be keeping up the pressure on Ministers for changes to the system. Not tinkering, but a properly look at how the system for business taxation can be fair, and how we can in future avoid the arbitrary changes businesses seem to be facing at the moment.

 

Join us for a round-table discussion on Friday 24 March at Winchester Royal Hotel from 8am – 10am.

 

Numbers are limited so please RSVP to enquiries@winchesterbid.co.uk

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