Mark Drakeford announces plans to change business rates in Wales

Mark Drakeford announces plans to change business rates in Wales

Wales' finance minister wants to change the way rates are calculated depending on the size of the business

Drakeford plans business rates shake-up | West Wales Chronicle : News for Llanelli, Carmarthenshire, Pembrokeshire, Ceredigion, Swansea and Beyond

Mark Drakeford unveiled plans to cut business rates for around 13,000 smaller “bricks and mortar” shops while raising the amount payable for higher value properties. The first minister-turned-finance secretary launched a 12-week consultation on proposals to adjust the multipliers for business rates, which are officially known as non-domestic rates. In a written statement on May 20, Prof Drakeford said the Welsh Government intends to make use of …

Botched Business Rates Plan Risks Hospitality Closures And Job Losses - CLH News: Caterer, Licensee and Hotelier News - News for Pubs, Bars, Hotels and Restaurants

Share Post Share Email Welsh Government proposals to omit hospitality from business rates reform will dramatically increase costs sector leaders say. UKHospitality Cymru said the outline proposals “simply ignored” the severe challenges faced by hospitality businesses, who now face paying unsustainable, inflated business rates. Returning the sector to full business rates, on top of enormous cost increases this y…

Welsh Government Unveils Plans to 'Rebalance the Rates System in Favour of Retail'

Plans to change business rates in Wales, giving smaller shops a lower rate, are being considered. The Welsh Government has announced a 12-week consultation on the plans, which it says could benefit around 13,000 retail properties across Wales. It would cut rates for retail shops with rateable values less than £51,000 in a move the Welsh Government says would help them compete with online retailers. Larger properties with rateable values of more…

Drakeford plans possible business rates cut for 13,000 small shops in Wales

Mark Drakeford unveiled plans to cut business rates for around 13,000 smaller “bricks and mortar” shops while raising the amount payable for higher value properties. The first minister-turned-finance secretary launched a 12-week consultation on proposals to adjust the multipliers for business rates, which are officially known as non-domestic rates. In a written statement on May 20, Prof Drakeford said […]

Drakeford plans business rates shake-up for Wales

Mark Drakeford unveiled plans to cut business rates for around 13,000 smaller “bricks and mortar” shops.