RSS

FSB calling for automatic rate relief

Sep 11 2008

Town halls should automatically include commercial rate relief in the council tax bills issued to SMEs, the Federation of Small Businesses (FSB) claims.

According to the group, many firms are unaware of the Small Business Rate Relief Scheme which is intended to help those SMEs in commercial premises by cutting their rate bills.

However, companies are said to be missing out because it is not automatically applied to rate bills by local authorities.

John Wright, the organisation's national chairman, says the move would help firms cope in the 'critical economic climate'.

He adds: 'This could provide a significant boost for small businesses without affecting the government's budget calculations.'

The FSB is also calling on the prime minister to reintroduce rate relief of up to 50 per cent for entrepreneurs with empty commercial premises.

Estimates produced by the Forum of Private Businesses suggest that some £200 million in small business rate relief is unclaimed each year in England alone.

Comments

There are currently no comments on this article

Mentoring – Now there’s a bright idea for business

Whether you're starting up, taking your business to the next level or just need a sounding board, Lloyds TSB understands that a business mentor can offer you the support and guidance you need to develop your business. Find out more today.

Win with UK2’s Business Hosting

Win tickets to the British GP with UK2’s Business Hosting. Find out more today.

Compare business insurance quotes

Tailor your policy, compare quotes and buyin minutes! Up to 50% No Claims Discount. Public and Employer's liability, Professional Indemnity, Business premises (also for home based workers) and more! Compare quotes now or call 0845-0723340 today.

Are you expecting to hire this year?




Site map

« Expand to view
Small Business Offers