COMPANY OWNERS IN THE DARK ABOUT BUSINESS RATE CHANGES
May 26 2016.



From April 2017 businesses whose properties have a Rateable Value of up to £12,000 will not have to pay business rates at all. The previous figure was £6,000.


Property with a Rateable Value between £12,000 and £15,000 will receive tapered relief. Chancellor George Osborne says the 'typical corner shop in Barnstaple will pay no business rates at all'.

Despite this, a survey by CVS, shows more than a third (36 per cent) of business owners are unfamiliar or unaware with the changes put in place by the government.

What’s more, three in ten small business owners, with between one and 49 employees, say the changes in business rates aren’t enough to help local businesses and our high street.


For the full story at smallbusiness.co.uk CLICK HERE.