Name: Alan Biggs
Current rateable value of business: £64,000
Original rateable value of business: not known
“After paying our VAT bill, our business rates are almost exactly 10% of our gross receipts and represent our largest single monthly outlay excluding our business mortgage payments.
“This is a massive amount of money to find for something from which we derive no direct benefit. Our market is extremely tough at the moment: the rise of new competitive channels such as Airbnb, the vast majority of whose accommodation providers pay neither business rates or VAT, makes trading conditions hard.”