Bira to play key role in Treasury's business rates reform discussions
Bira has been invited to participate in crucial Treasury discussions on business rates reform, marki
Published 10th December 2024
Bira has been invited to participate in crucial Treasury discussions on business rates reform, marking a significant step forward in the association's long-standing campaign to reduce the rates burden on independent retailers.
This invitation follows the government's recently published discussion paper on reforming business rates, released in the wake of the Autumn Statement. The consultation process, running until March 2025, will help shape reforms set to be announced in the 2025 Autumn Statement and implemented from April 2026.
The talks come at a critical time for independent retailers, following October's Autumn Statement which announced a reduction in business rates relief from 75% to 40% (capped at £110k) from April 2024, adding further pressure to an already challenging trading environment.
Bira has consistently highlighted the need for a fairer business rates system. This consultation process provides a genuine opportunity to influence long-term reform of a system that has long been criticised by the independent retail sector.
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