Rates rise to hit small businesses

Posted on 06 Apr 2016
Share Blog Post

 Rate rises to hit 120,000 small businesses

Nearly 120,000 small shops and pubs could be hit with business rate hikes of up to 15% next spring, experts have warned. The increases are expected in April as the rates are linked to September inflation figures, which saw the Retail Price Index increase by 3%. Ratings agency CVS said the Government"s own formula would see 24,000 small shops and pubs face rises from four to 9.99%, while some 96,000 will see rises from ten to 14%. Mark Rigby, of CVS, said: "The Chancellor must be bold with his upcoming Budget next month and freeze rate rises in April 2018."

Source:   The Sun (14/10/2017)

View more blog posts

NIC hammer blow
Posted on 23 Jun 2025
NIC hammer blow
read more
Youth mobility scheme
Posted on 21 May 2025
Youth mobility scheme
read more
Businesses unaware of MTD
Posted on 14 May 2025
Businesses unaware of MTD
read more
Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Back To Top
01604 660661