Peter Foley is our resident guru here at CPA, and has been passionately following the shifting world of business rates for many years. With a keen political insight, Peter’s writing reveals how policy change is key to understanding your business rates further, and how this could translate into substantial savings. In his weekly column, Peter also outlines a desired path forward, with changes we’d like to see implemented for a fairer system on the nation's business rates.
🎵 The music industry is facing tough times, with 127 venues shutting down in the past year. While attendance is slowly recovering, profitability remains a challenge. This can be attributed to three key factors: customers spending less on drinks, energy costs skyrocketing, and rent increases.
To make matters worse, the possible removal of subsidies from business rates next year could be a knockout blow. To avoid a rush of businesses appealing their rates next spring, Commercial Property Advisors (CPA) recommends that music venues take action now.
CPA offers a free service to help check and challenge your rateable values, with our experienced surveyors leading the way. By letting CPA handle the process, you'll save time and greatly increase your chances of success during the busy festive season.
Don't let rising costs ruin the harmony of your business. Get in touch with CPA today for expert advice and assistance, without any obligation. Let's control at least one bill and enjoy a happier tune this holiday season.