financehotelowner.co.uk··1 min·For: Owner, GM, Revenue, Investor
UK Launches Review of Pub and Hotel Business Rates
The UK Treasury has launched an independent review into business rate valuation methods for pubs and hotels across England and Wales to create a fairer commercial property tax system. Led by specialist Jerry Schurder, the findings will report in March 2027 to feed into the 2029 revaluation process.
Key Takeaways
- 1Treasury review led by Jerry Schurder will assess pub and hotel property valuations by March 2027.
- 2Findings aim to reform commercial property tax methodologies ahead of the 2029 revaluation.
- 3Follows sector closures, rising operating costs, and planned business rate discounts for hospitality venues.
Source: hotelowner.co.uk
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