Navigating Retail Property Challenges in Light of the Spring Statement

In this episode of 'That Retail Property Guy,' host Gary Marshall discusses the potential implications of the upcoming Spring Statement by the Chancellor on the retail property sector. He examines how increases in the National Living Wage and National Insurance contributions could affect retailers' profit margins, and explores the ongoing debates about business rates (including the House of Lords' recent intervention) and VAT registration thresholds. Gary also offers practical advice for retailers on optimising property-related costs and emphasises the importance of getting expert legal and financial advice. Whether you are a small business owner or part of a larger entity, staying updated on laws and regulations is crucial for maintaining profitability and competitiveness.

00:00 Budget or Statement

00:19 Impact of the Spring Budget on Retail Property

02:01 National Living Wage and Employer Contributions

03:46 Business Rates and Government Reforms

07:08 VAT and Turnover Thresholds

09:31 Tax Reporting for Smaller Businesses

10:17 Final Thoughts and Advice

12:08 Conclusion and Call to Action

Catch up at the Retail Technology Show, Excel London 2/3 April 2025!
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