SMALL COMPANIES FEEL BUSINESS RATE REFORM WILL NOT AFFECT THEM
June 14 2016.



Nearly two thirds (64 per cent) of owner-managed businesses will not benefit from reforms to business rates, a study shows.
?
According to the latest Owner Managed Business (OMB) Barometer from Bank of Cyprus UK, a quarter (25 per cent) of OMBs see the reforms as reducing costs but not by enough to benefit their business.

Just one in seven (14 per cent) OMBs will benefit from the reform to business rates through reductions in costs, which they say will make their business more competitive.

Previous research from Bank of Cyprus UK in July 2015 showed that a third (33 per cent) of OMBs wanted the government to permanently double rate relief for small businesses.

In March’s Budget, Chancellor George Osborne announced a reform of business rates meaning that....


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