"Government measures in England to "level the tax playing field" between high street and online retailers risk backfiring - with Britain's largest retailers, from supermarkets and department stores to out-of-town chains, facing the steepest costs not only on their stores, but also on their corporate headquarters and distribution centres experts today have warned. According to new analysis by global tax services firm Ryan,"
"Retail, leisure, and hospitality (RHL) could face up to £482 million a year in extra business rates on just their physical premises alone, compared to £262 million for large distribution warehouses. Almost three times as many RHL properties (4,353) could be hit compared to 1,589 large distribution warehouses. Within RHL: Retail: up to £358.5 million across 3,274 properties, including 1,803 hypermarkets and superstores, 483 out-of-town retail warehouses, and 363 large shops. Hospitality: up to £75 million across 650 properties. Leisure: up to £48.5 million across 429 properties."
From April 2026, a new business rates surcharge of up to 10p will apply to properties with a rateable value of £500,000 or more to fund lower multipliers for smaller retail, leisure, and hospitality premises. Retail, leisure and hospitality premises could face up to £482 million a year in additional rates on physical premises, compared with £262 million for large distribution warehouses. Around 4,353 RHL properties could be captured versus 1,589 large distribution warehouses. Large retailers may also see their headquarters and distribution centres hit, compounding costs across supply chains. Only 129 warehouses are run by pure online-only retailers compared with 247 run by high-street chains.
Read at London Business News | Londonlovesbusiness.com
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