More rates relief for small businesses

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. A business rates holiday for all retail, leisure and hospitality businesses for 2020/2021.

 

In addition, very small businesses who already pay no business rates at all will be able to claim a £10,000 cash grant.