Published 1 April 2019Thousands of independent high street premises are to benefit from business rate cuts from today, under a two year Government scheme that will cut bills by a third for premises with a rateable value below £51,000.
English local authorities have set aside £502m this financial year to cover the cost of the cuts, which property adviser Altus said would help the average shop save £3,292, and the average pub £6,052.
Robert Hayton from Altus has urged firms to check whether their local authority was applying the discount automatically, or whether they would need to apply.