Business Rates Review: Pubs & Hotels Face Valuation Overhaul

A significant review is currently underway to re-examine the calculation of business rates for pubs and hotels across England and Wales. The Treasury has appointed business rates expert Jerry Schurder to lead this comprehensive evaluation.

Schurder's review will focus on rate valuations and is expected to report its findings by March 2027. The government is actively seeking input from landlords, hoteliers, and business owners to ensure a thorough and representative process.

This initiative comes amid ongoing concerns about the financial pressures faced by the hospitality sector. Pub groups, in particular, have argued that their business rates are disproportionately high, impacting their ability to remain operational.

Pubs are reportedly valued using a 'Fair Maintainable Trade' measure, meaning increased turnover directly leads to higher rates bills, a method distinct from retail venues. The review's outcomes are intended to feed into the next national rates revaluation scheduled for 2029, aiming for a more equitable system.