Skip navigation

Gloucestershire Business News

Supreme Court decision on business rates for cash machines

The Supreme Court has  given its ruling on whether ATM facilities, both inside and outside of stores, should be separately assessed for business rates.

The long-running dispute over the rating of ATM machines concluded with the court's decision that cash machines shouldn't be separately assessed for business rates.

The decision upholds the Court of Appeal's previous decision and is a resounding win for Cardtronics - the suppliers of ATM machines - and Tesco, Sainsbury's and the Co-op, who all pursued this appeal.

The decision will be welcomed by retailers from small convenience stores to large supermarket chains, who will now look to recover the estimated £300 million in business rates paid on ATM sites since 2010.

Emily Wood, partner at law firm DMH Stallard and head of the real estate dispute resolution team, represented Cardtronics throughout the litigation.

She said: "We have seen high streets across the country begin to struggle to survive, right through to now where the current pandemic has closed whole towns and isolated communities. As we move out of lockdown, it's essential that all that can be done is done, to open these high streets up and provide services to rural communities.

"Retaining the imposition of rates on ATMs would have had huge ramifications not only for the industry, but the provision of available cash to spend locally and where needed. More so than ever, in the current climate, the right decision has been upheld by the Court."

Punchline said: "This decision is good news for rural communities which have seen bank and ATM machines closing in recent years. It could now spell a return to better access to cash for villages and small towns."

Cardtronics is the world's largest ATM operator and manages nearly 300,000 machines, including around 20,000 are in the UK.

Related Articles

Versarien's revenues halve and losses rise Image

Versarien's revenues halve and losses rise

Forest of Dean-based advanced engineering group Versarien saw its revenues halve last year.

Gloucestershire company launches same-day service Image

Gloucestershire company launches same-day service

Gloucester-based Freemans Event Partners has launched a brand-new around-the-clock foodservice logistics offer.

Gloucester business expands at Elmbridge Court Image

Gloucester business expands at Elmbridge Court

Just three offices are now available for rent at Elmbridge Court, following the latest letting.

Cirencester town centre to deliver improved parking Image

Cirencester town centre to deliver improved parking

Better parking and traffic control improvements for Cirencester residents and businesses.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.