For many years The British Horse Society has been campaigning for a fair deal for Riding Schools and Livery Yards in respect of business rates. The 2017 revaluation saw many of our BHS Approved Centres affected by a disproportionate increase in their rateable value. This in turn led to many centres struggling to pay their business rates and a number of centres closed as a result.
The announcement in the Queen’s speech that HM Government propose to cut business rates in a bid to revive the high street has given the BHS a further opportunity to lobby MPs, on your behalf, and raise awareness of the dire consequences which business rates have on this sector of the equestrian industry.
What is being proposed by HM Government
- A further reduction, to 50% from one third, in business rates for shops and pubs with a rateable value of less than £51,000
- A fundamental review of business rates to include:
- Bringing forward the next business rates revaluation by one year from 2022 to 2021
- Move business rates revaluations from a five-yearly cycle to a three-yearly cycle. More frequent revaluations will ensure that business rates bills are more up to date and reflect the properties’ current rental value. Moving to three yearly valuations will also make the system more responsive to changing economic conditions.
We need your help
To have the most impact we now need you to write to your MP and tell them how business rates have impacted on your business.
You can find your MP and their contact details by using this website https://members.parliament.uk/
Download our draft letter we have created you to adapt and send to your MP.
Further Information and Support please contact: email@example.com