Business Rates As widely publicised, changes to business rates were expected and several measures were announced today to provide £435m of further support. Small business support to those businesses losing their Small Business Rate Relief to cap the increase in their bills to £600 or the real terms transitional relief cap. Provide £300m of discretionary relief to English local authorities … Read More
Our article on the capping of business rate increases appears on the Herefordshire & Worcestershire Chamber of Commerce website. Please contact Curo’s head of tax, Julia Whelan to discuss these changes further. Curo Chartered Accountants December 2013 .
In addition to the already announced capping at 2% of business rates, Chancellor Osborne introduced a discount of up to £1,000 for retail and food and drink premises with a rateable value of less than £50,000 starting 1 April 2014. Other measures announced include: Introduction of a 50% business rates relief for 18 months for businesses that move into retail … Read More
No secret was made that increases to business rates are to be capped at 2% from 1 April 2014 although the Chancellor seemed to go one step further in his bid to support smaller businesses. Comments Julia Whelan, head of tax at Curo Chartered Accountants “It is encouraging that the Chancellor is backing smaller businesses with a one year extension … Read More