News & Publications

Independent high street firms get business rate boost

Time Published 1st 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.

 

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