The Association of Convenience Stores has written to the Treasury warning that April’s business rates’ changes will impact independent retailers most severely, with forecourt firms among the companies facing significant tax rises.
The letter, sent to Exchequer Secretary Dan Tomlinson MP, sets out that the removal of the 40% covid relief on rates, coupled with the forthcoming business-property revaluation due in April (on which rates are based), will leave retailers facing “significantly higher bills”.
ACS’ letter details that independent firms will “face the most significant impact” from the changes, and has questioned whether retail firms should be offered extra support, as is being drawn up for pubs.
The organisation’s chief executive, James Lowman, said increases to business rates “will have a direct impact on investment, employment and services, particularly for independent retailers who are the foundation of community retailing in this country. Local shops are under extreme pressure and should all receive support.”
He added: “The Government has an opportunity now to demonstrate that it values local shops and the hard-working retailers that keep the nation moving.”
