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Budget 2016 – Big £39 million annual saving on business rates for England’s pubs – new analysis from BBPA

18/03/16


Big changes to the way the Government levies business rates announced in this week’s Budget will bring major savings to pubs, according to an analysis released today by the British Beer & Pub Association, which has led calls for fairer business rates for the sector.


In total, the measures coming in from April 2017 are predicted to create an annual saving of over £39 million for English pubs, with 81 per cent of pubs benefiting from either the small business multiplier, or Small Business Rate Relief, or both.


Overall, these pubs will be better off by an average of £1,100 per year, says the BBPA. Over 16,500 pubs will pay no business rates at all – some 40 per cent of the total. There are only around 3,700 premises currently paying no rates, so this is a sharp increase. The changes will particularly benefit traditional community pubs.


BBPA Chief Executive Brigid Simmonds comments:


“These changes are a real boost, especially for much-loved community locals. They reflect much of what BBPA called for in its response to the recent Government review, and show that the Government is listening to concerns, when it comes to both the big burden of the current rates regime, and also the vital role that pubs play in local communities.”



Resources

» BBPA Budget Briefing 2016

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