In the high volume, low margin wholesale model, increases in operating costs cannot easily be absorbed and can result in increased costs in the food and drink supply chain.
FWD makes the case to the government and regulators for better regulation of businesses in this sector and for it to be necessary, effective and proportionate.
The Valuation Office Agency has updated the rateable values of all business and other non-domestic proper- ties in England and Wales. These future rateable values will take effect from April 1, 2023.
You can see the future rateable value for your property and get an estimate of what your business rates bill may be from that date through the Find a Business Rates Valuation Service.
Business rates are devolved in Scotland, Wales and Northern Ireland. They will receive Barnett consequentials in the usual way.