top of page

Marina Business Rates U-Turn Welcomed



Property consultancy Vail Williams has welcomed a Government U-turn on marinas being excluded from lower rate multipliers in the forthcoming business rates revaluation as a ‘victory for common sense’.


The firm, which acts for a number of the UK’s top marina operators covering multiple sites, is now conveying the news to clients.


This move brings marinas into the same category as retail and leisure businesses such as pubs and restaurants. Business rates will continue to be administered by local authorities.


The Valuation Office Agency (VOA) updated the rateable values of all commercial, and other non-domestic, properties in England and Wales which take effect from 1 April.


The Government announced that from 2026/27, existing business rate relief for retail, hospitality or leisure (RHL) properties would be replaced by a lower rates multiplier to calculate the business rates payable on those properties.


However, marinas were specifically excluded from the RHL lower rates multiplier and faced being subjected to the standard business rates multiplier which applies to non-RHL business properties.

Following a campaign backed by industry body British Marine, the Government has announced a refinement in the Statutory Instrument (SI) defining which properties would be eligible for the new RHL business rates multipliers that will be coming into effect in April.


Dan Tomlinson, Exchequer Secretary to the Treasury announced the change in a letter to British Marine CEO Lesley Robinson. He said:

“I recognise that marinas are distinct from transport properties and that they form part of the infrastructure of leisure activity. Furthermore, the intention has always been for the scope of the new multipliers to broadly reflect the scope of the current RHL relief. Thank you for bringing to my attention that local authorities are currently awarding RHL relief to marinas."

“The Government will therefore be amending the SI ahead of the policy coming into force on 1 April to remove marinas from Schedule 1. This means that marinas with rateable values below £500,000 and that are wholly or mainly used for leisure/recreational purposes will be eligible for the lower business rates multipliers.”


“Ahead of then, the online guidance will be updated, and local authorities will be made aware of the upcoming amendment.”


The reversal means that qualifying marinas will benefit from the 43 pence RHL rate, rather than the standard 48 pence rate.


Vail Williams partner and head of business rates Adam Barnfield said:

“This U-turn can be considered to be a victory for common sense and will benefit the vast majority of marinas which qualify for the lower business rates multipliers."

“However, there have been significant increases in the VOA assessments of the rateable value applied to marinas, with an average 23% increase in values and an additional £5.8 million of rateable value” – which equates to approximately £2.5m in additional revenue for the treasury.”


“Although this is obviously a welcome change in stance from Government, the increase in RV and the removal of the existing retail, hospitality and leisure relief will still have a significant impact on business rates liabilities.”


Ian Froome, Vail Williams partner and head of marine & leisure, added that the upcoming amendment regarding lower rates measures would be welcomed by marina operators as a silver lining, but there would certainly be increased costs all around.

“We cannot say there will be euphoria regarding this refinement in the revaluation process, but it is a cushioning of the significant increases faced by marina operators and should be accepted as such.”

Business rates revaluation 2026.


Most Read

Furniture Village Doubles Its Footprint At Prologis Park

Furniture Village Doubles Its Footprint At Prologis Park

Furniture Village has opened a state-of-the-art National Distribution Centre at Prologis Park Marston Gate, marking a significant milestone in a year of strong growth and long-term investment.

Bechtel Secures Contract Extension At Waste Isolation Pilot Plant

Bechtel Secures Contract Extension At Waste Isolation Pilot Plant

Bechtel announced it received a three-year extension from the U.S. Department of Energy (DOE) to continue managing and operating the Waste Isolation Pilot Plant (WIPP) in Carlsbad, New Mexico.

FoodCycle Has Been Awarded £75K

FoodCycle Has Been Awarded £75K

Thanks to players of The Health Lottery, £75, 000 has been awarded to FoodCycle and during a recent visit to one of the charity’s projects in Newcastle, The Health Lottery saw first-hand the importance of these weekly meals for people facing food insecurity, isolation or financial pressure. This grant awarded by The Health Lottery Foundation will go towards helping the charity run around 620 community meal sessions and serve more than 21,000 three-course meals across England and Wales. This...

Categories

  • Writer: Paul Andrews
    Paul Andrews
  • Sep 28, 2023
  • 2 min read

Recent reports have revealed that the global gig economy is bigger than previously estimated, especially when it comes to online gig work. Employment screening and identity expert, Sterling, has encouraged firms to ensure their workforce management is scalable, compliant, and provides a great user experience.


The World Bank shared that the gig economy now accounts for 12% of the global labour market, and reports from the CIPD state that almost half of UK gig workers undertake desk-based services through apps and websites. Due to this increased gig work trajectory, Sterling recommends that businesses review their background screening processes specific to gig workers to help drive efficiency and mitigate potential risk to their firm. Businesses have an opportunity to not only seize the benefits that online gig workers offer, but to enhance the workflows that enable them.


Steve Smith, President International at Sterling, explained: “The gig workforce is by its very nature complex, but the make-up of this demographic is evolving at a significant rate and businesses need to be prepared to adapt. When this segment of the workforce first emerged, the terminology was largely attributed to private hire drivers or food delivery workers. Today, though, gig staff are increasingly made up of people who work remotely, delivering anything from tech support to administration services. "


“While gig labour provides significantly valuable services to businesses, with this growth in online gig work comes a new challenge: being able to screen, vet, and manage staff without ever meeting them. When workers are delivering services from behind a screen it is much more difficult to verify that the person delivering the work is the individual that has been contracted. However, that’s where more sophisticated technology is being utilised to not only manage this, but also better identify red flags and track those who are linked to previous unscrupulous behaviour."


“Even for those firms that don’t yet utilise large swathes of gig workers, the chances are they may do so in the future. Getting ahead of the curve now and ensuring your company is equipped with the tools to engage gig workers quickly and compliantly will have longer-term strategic benefits that shouldn’t be underestimated.”


Most Read

Furniture Village Doubles Its Footprint At Prologis Park

Furniture Village Doubles Its Footprint At Prologis Park

Furniture Village has opened a state-of-the-art National Distribution Centre at Prologis Park Marston Gate, marking a significant milestone in a year of strong growth and long-term investment.

Bechtel Secures Contract Extension At Waste Isolation Pilot Plant

Bechtel Secures Contract Extension At Waste Isolation Pilot Plant

Bechtel announced it received a three-year extension from the U.S. Department of Energy (DOE) to continue managing and operating the Waste Isolation Pilot Plant (WIPP) in Carlsbad, New Mexico.

FoodCycle Has Been Awarded £75K

FoodCycle Has Been Awarded £75K

Thanks to players of The Health Lottery, £75, 000 has been awarded to FoodCycle and during a recent visit to one of the charity’s projects in Newcastle, The Health Lottery saw first-hand the importance of these weekly meals for people facing food insecurity, isolation or financial pressure. This grant awarded by The Health Lottery Foundation will go towards helping the charity run around 620 community meal sessions and serve more than 21,000 three-course meals across England and Wales. This...

Categories

Big Bear Plastics Roars Forward With £2M Investment

Big Bear Plastics Roars Forward With £2M Investment

A female industry leader, who was behind one of Harrods’ most successful marketing campaigns, is setting her sights on expansion after completing a £2m investment drive.

Historic City Pub To Reopen Following £1.8M Transformation

Historic City Pub To Reopen Following £1.8M Transformation

Independent family brewer and pub company Shepherd Neame is to reopen landmark Farringdon pub The Hoop and Grapes in February following a £1.8m transformation.

Hendy Opens New And Used Van Centre In Dorset

Hendy Opens New And Used Van Centre In Dorset

Businesses in and around Dorset can now explore, test drive and purchase new Kia vans, as well as used vans from a range of other manufacturers, as Hendy opens the doors to its dedicated Van Centre.

Recent Posts

bottom of page