UK: Business rates success for growers
This was announced on 30th March 2017 by Marcus Jones, MP of the British Horticultural Trades Association and minister in the Department for Communities and Local Government.
"The exemption for agricultural properties is an important part of the rating system. It ensures that large areas of agricultural land and buildings are not liable to a property tax which could have a significant impact on the cost of farming. I can confirm to the House that the Government’s policy is that land and buildings at plant nursery grounds should benefit from the agricultural exemption for business rates."
"Therefore, we intend at the soonest opportunity to amend the Local Government Finance Act 1988 to ensure both agricultural land and buildings at plant nursery grounds are exempt from business rates. This will return the law to align with the practice followed by the Valuation Office Agency before the decision in the Court of Appeal."
According to HTA, this is great news for growers who feared that being brought into the rates system would make their businesses unviable. The wording of the amendment has yet to be revealed and the timescale for the implementation of the changes remains unclear, however, the ministers reassurance serves as confirmation that growers will be protected.
The NFU, with the backing of the HTA and its expert ratings advisors Turner Morum LLP fought hard for these exemptions to be reaffirmed allowing growers the security to invest into the future.
For more information: HTA