Quote:
Originally Posted by garinda
Sorry, I thought Lindsay had already answered that, but here it is in fuller detail.
Charity shops benefit from exemption from corporation tax on profits, 80% mandatory rate relief and a zero V.A.T. rating on the sale of donated goods. A further 20% rate relief is available at the discretion of local authorities.
Mass volume sales stores, aka pound shops, have a relatively high turnover, and that results in them being one of only a few type of businesses that can afford the expensive rent and rates that the owners of the retail spaces charge, the owners our council gave planning permission to.
Fairly straight forward really.  |
So it's to do with demographic. As pound stores are much more popular in Accrington than a more expensive retailer.
Can you please let me have the figures for the expensive rent/rates you talk of?