Friday, 17 February 2017
Business rates: some unlevel playingfields
I've just become aware that NHS hospitals have to pay business rates. A current revaluation of property values means that the worst affected, Queen Elizabeth Hospital in Birmingham, will find its rates bill more than double to £6.9m a year.
Private hospitals also pay business rates, but most of them are registered charities, so they get an 80% reduction.
Apparently local authority schools also pay business rates. But Academies, would you believe, are also regard as charities and so they too get an 80% reduction. It's worth noting that some Academies pay their heads fancy salaries well over £100 000 a year, and one Multi Academy Trust (MAT) with 28 schools pays its CEO a not very charitable-sounding £370 000 a year.(see here)
I suppose Eton gets an 80% reduction too, along with all the other posh public schools
You couldn't make it up.