Within the small print of the Autumn Statement earlier this month, it was confirmed that the National Non Domestic Rate for 2013/14 will be 47.1p in the £, an increase of 2.8% on this year.
Rohan Short, head of the Rating team in CBRE’s Bristol office commented “Most costs continue to increase well above inflation. Business Rates is probably the third largest outgoing for most companies. Therefore it is imperative that they are kept under constant review to ensure growth and profitably.
“We are regularly advising and assisting clients on the ways in which the burden of business rates can be mitigated either permanently or temporarily. With the 2015 Rating Revaluation having been postponed by two years, business rates will continue to increase in line with the RPI until April 2017”.
