BA warns rates hike will leave some 'crippled'

BA warns rates hike will leave some 'crippled'

The Booksellers Association (BA) this week warned Treasury chief secretary David Gauke that planned increases to business rates bills this April will result in many booksellers’ businesses being “absolutely crippled”.

The revaluation of business rates—a tax on non-residential properties based on what could be charged in annual rents (rateable value)—stands to provide a hammer blow to high street bookshops, particularly those based in London and the south-east, thanks to soaring property values.

Amplified by a two-year delay by the government, the revaluation means properties will be value...

This is subscriber-only content

Not a subscriber? Get unrestricted access to all the news, charts, previews, data & analysis by subscribing from as little as £3 per week.

Why Subscribe?

Every issue of The Bookseller magazine

Unlimited access to (single user)

The Bookseller e-edition app for tablet and mobile

Subscriber-only newsletters

Twice yearly Buyer's Guides worth £50

Discounts on The Bookseller Awards and Conferences

Click here to subscribe now