Future Of British Business
Grocers Set for Almost £550m Tax Reduction From 2023
A customer empties her shopping trolley into her car outside a supermarket in Colney, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
UK supermarkets and grocers will benefit from an almost £550 million tax cut over the next three years, according to new analysis.
It comes after more than half a million retail properties in England and Wales were revalued as part of a shake-up to the business rates system of property taxes.