That Retail Property Guy

Business Rates Exposed - the Curse of an Archaic, Broken System

Gary Marshall Season 1 Episode 9

The Injustices of Business Rates: An Unfair Taxation System in the UK that impacts especially on retailers, big or small

In this episode, host Gary Marshall discusses the inequalities and inefficiencies of the business rates taxation system in the UK. Highlighting its archaic foundation and complex bureaucracy, the episode exposes how businesses, particularly retailers, face an unjust financial burden. Should this system be abandoned for a fairer, more modern alternative? The episode also covers historical context, recent government interventions, and the impact on different business sizes and locations, concluding with a call for a fiscal system based on business operations rather than building values.

 

00:00 Introduction to Business Rates

00:41 The Complexity and Unfairness of Business Rates

01:53 Impact on Retailers and High Streets

03:23 The Basis of Business Rates

05:33 Online vs. Bricks and Mortar Retailers

08:46 Government Relief Schemes and Their Limitations

15:20 Historical Context of Business Rates

20:45 The Bureaucratic Nightmare of Appeals

24:49 Conclusion and Call for Change

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