ATMs not liable for additional business rates, Supreme Court rules

20th May 2020 - The Supreme Court has ruled that ATMs are not liable for additional business rates.

There has been a long-running dispute with major supermarkets concerning business rates and ATM machines.

The landmark decision follows an appeal by the Valuation Office Agency (VOA) against a decision in November 2019 in which the Court of Appeal ruled that ATMs located both inside and outside of stores should not be assessed for additional business rates on top of the normal store rates costs, retailers are already facing.

The ruling means there will no longer be a separate business rates bill for ATMs hosted in convenience stores and there is an estimated £430m in reimbursements to be paid.  The government now needs to implement the Supreme Court ruling by setting up a simple refund process which ensures full compensation is paid to all retailers who have been subject to wrongful business rates bills for ATMs.

Marc Terry, international managing director of ATM supplier Cardtronics, added: “This decision will benefit small businesses and local high streets, and the vital role they will play in the UK economy once the current lockdown has been lifted. With banks continuing to withdraw from the high street, the general public relies on the vital basic banking services that independent ATMs in shops and supermarkets provide.

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