MORE RATES RELIEF FOR SMALL BUSINESSES
There has again been much lobbying from the small business sector to reduce business rates to enable traditional retailers, in particular, to compete with internet traders.
The Chancellor announced a long term review of the future of business rates, but in the meantime there are some very welcome measures to assist small businesses. The 100% business rates retail discount will be extended to the leisure and hospitality sectors where the rateable value is no more than £51,000.
In addition, very small businesses who already pay no business rates at all will be able to claim a £3,000 cash grant.