New Report on the Impact of Business Rate Revaluation on the Self Catering Sector

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New Report on the Impact of Business Rate Revaluation on the Self Catering Sector

Following an outcry from self catering operators, the South West Tourism Alliance has commissioned a report into the impact of 2017 business rates rises on 40,000 properties in England and Wales.


Impact of Business Rates Increase in the Self Catering Sector

South West Tourism Alliance has commissioned a report into the impact of the 2017 Business Rate Rises on the self catering sector. This is in response to an outcry from the many self catering operators at the scale of the rises following the recent revaluation. The report’s analysis is based on the Valuation Office’s entire database of over 40,000 properties in England and Wales. South West Tourism Alliance is very happy for as many people as possible to spread the report, and to obtain printed copies, please contact [email protected]

Percentage increases in Rateable Value (RV) since 2010 start at 39% for properties with 1-8 bed spaces, 43% for properties with 9-20 bed spaces, 58% for complexes with 21-50 bed spaces and 71% for complexes with more than 51 bed spaces. As the report points out, these are all still small businesses, indeed micro businesses, which will already have set their prices for 2017 and in many instances for 2018.

The South West Tourism Alliance is leading the national lobbying on this issue. Two key issues which came out of a recent South West conference to feed into the Rural Tourism Enquiry, attended by nearly 170 delegates, were Rural Business Rates and Rural Broadband. The Chair of the Rural Tourism Enquiry, Neil Parish MP, was hugely supportive and said he would join in the fight.