News & Publications

Independent high street firms get business rate boost

Time Published 1 April 2019

Thousands 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.


General Sector News
Back to General Sector News