Rates revaluation ‘may have saved BHS £15m a year’
FAILED retailer BHS could have saved more than £15m per year had the business rates revaluation gone ahead as planned in 2015, according to Colliers International, the global commercial real estate agency and consultancy.
Under the current system, business rates are recalculated every five years. The last revaluation was in 2010, with much of the work completed before the property crash, resulting in ‘rates higher than rents’ in many parts of the UK.
However, in 2013, the Government announced t... For the full story register now for free or login below...