The Association of Convenience Stores is appealing for information from other independent retailers to ensure they get the best deal possible under proposed changes to duty payable on leasing agreements.
The ACS is a member of an Inland Revenue group which is examining the proposed reforms, which include replacing the variable levels of duty payable on the total net value of the lease with a flat rate of 1%. For the first time properties whose lease is worth less than £150,000 will be exempt from the duty and the ACS is considering pressing for an increase in the threshold.
David Rae, ACS chief executive, said: "If we can gather credible information, we can work with other groups to try to influence the proposals. The level of rent paid and length of lease vary widely among retailers, and we need to communicate to the government the impact of these proposals on convenience stores."

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