Small Business Rates Relief Delays Affect Thousands of Businesses in the UK

Posted on 31 May, 2017 by admin

It has been reported thousands of small businesses are still waiting for their promised relief package following the business rates revaluation in April this year.

pexels-photo-28883

The government previously promised for business rates relief package to help businesses hit by the rises in rateable value and business rates.

£25 million was arranged for business rates relief package this year.

A significant number of small businesses faced a substantial increase in their business rates, with some of them going up by 3,000 per cent. Furthermore, over 24,000 small businesses have lost small business rates relief partly or wholly, according to CVS, business rates specialists in the UK.

Lack of action from the local authority has been hugely criticised by many.

Some of the local councils have said they are still awaiting instructions from the Department for Communities and Local Government, despite the fact they do not need published guidance from instructions from government to start taking action.

Mark Rigby, Chief Executive of CVS said:

“The money to help those most in need is coming from the government and there is no reason why revised tax demands shouldn’t have been sent out by local councils by now.”

Mr Rigby further added the delays are “simply causing panic, confusion and alarm for small firms.”



Related Posts


Leave a Reply


Recent Posts

original_images_Google-entrance

Google new London HQ gets the go-ahead!

office-620817_960_720

Significant Increase in Female Self-Employment

Westfield_Stratford_City_interior

London Ranked the World’s Second Most Popular City for Retail Expansion

Havaianas_selection

Havaianas to Open a Pop Up Store at Leicester’s Highcross Shopping Centre

21025996740_ce194a6f8a_b

Amazon’s Newest Bookstore Opening in New York

pexels-photo-28883

Small Business Rates Relief Delays Affect Thousands of Businesses in the UK

Joy,_Albion_Street,_Leeds_(21st_December_2015)

Fashion Retailer, Joy, Rescued by Louche London in a Pre-packed Deal

1280px-John_Lewis_Newcastle

New Scheme to Help Part Time Workers Progress in Their Careers

Jimmy-Wales-the-GMG

Jimmy Wales Leaves His Position at the Guardian Board

Tesco-building

Tesco Sells its Opticians Practices to Vision Express

new-york-city-skyscrapers

New York City’s Biggest Commercial Property Lender Revealed

Business rates April 2017

Firms Concern As New Business Rates Take Full Effect

The total invested in central London was £4.18 billion.

London’s West End Commercial Property Hit Record High

Cybersecurity Becoming an Increasing Problem for U.K firms

Cybersecurity Becoming an Increasing Problem for U.K firms

London City Properties

Commercial Property Growth Slows in London

scotland-investment-office-building

Scottish Commercial Property Market on the Raise for 2017