Existing tax. Proposed new calculation for the "value" of business property, disproportionately affecting pubs.

https://www.bbc.co.uk/news/articles/c8e57dexly1o

> In her November Budget, Chancellor Rachel Reeves scaled back business rate discounts that have been in force since the pandemic from 75% to 40% - and announced that there would be no discount at all from April. That, combined with big upward adjustments to rateable values of pub premises, left landlords with the prospect of much higher rates bills.

https://en.wikipedia.org/wiki/Business_rates_in_England

> Properties are assessed in a rating list with a rateable value, a valuation of their annual rental value on a fixed valuation date using assumptions fixed by statute. Rating lists are created and maintained by the Valuation Office Agency, a UK government executive agency.

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rconti 3 hours ago | parent [-]

Ah, interesting. So it sounds like the tax roughly scales with property value (or size). And pubs are probably a "poor use of land" because the revenue per square foot is not particularly high?

	▲	amiga386 an hour ago \| parent [-]
		Yes. It scales with a government agency's estimate of the property's annual rent (even if you own it), based on market rates in the area over the past two years, which they then scale up/down based on floorspace and how dilapidated the building is. You pay a percentage of the hypothetical rent as tax. There is a lower rate if you're a small business, and there are also tax reliefs for various reasons (charity, partial building occupation, etc.) But pubs have been in trouble for quite some time: https://www.morningadvertiser.co.uk/Article/2025/05/27/numbe... Pubs have high costs, small margins and customers are extremely price-sensitive. What pubs are generally asking for is more types of relief, because what we tend to see is pubs close, people in the area become more isolated, and the building remains empty for years thereafter. [] Pubs appreciated the post-COVID relief, but tax rates are about to shoot up. [] fun fact: if the building is vacant, its landlord must pay rates as if it's 100% occupied. Hence this brazen scheme where a man puts a snail farm in every room so you can pay the rates of an agricultural enterprise: https://www.theguardian.com/news/ng-interactive/2025/dec/04/...