Business rates revamp shuts down hundreds of pubs

Two pubs a day have been demolished or converted to alternate use since the new business rate regime was brought in last April.

According to an analysis of official government data by Altus, a property advisory group, 616 pubs have been removed from the rating list in the ten months since the tax changes.

In the first revaluation of business properties for seven years, which determines property tax bills for the next five years, rateable values for pubs rose by 14.2 per cent to almost £1.63bn.

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