Government Signals Further Reform to Business Rates
Small businesses planning to expand their premises could soon find the process easier, following new government commitments to make business rates fairer. An interim report from the Treasury states that the Chancellor will examine options to address the “cliff edges” in the system – the sudden increases in rates that often discourage investment. At present, when a small business opens a second property, it immediately loses all entitlement to Small Business Rates Relief (SBRR). The government has now confirmed that it will review how SBRR can better support business growth. Permanent tax cuts for retail, hospitality, and leisure The report [...]







