Wed, 02 Aug 2017 | BUSINESS NEWS
The UK government has stood by claims that it will speed up business rate relief for thousands of the country’s smaller firms, following huge hikes in the last tax year.
Though a new tax regime laid out in April saw bills for most UK businesses stay the same or decrease, the government came under pressure to act after many smaller firms faced rate rises of up to 3,000 per cent.
The hikes came as nearly 25,000 of so-called “cliff-edge” cases lost their small business rate relief, a discount given to properties below a certain rateable value.
Chancellor Philip Hammond promised at the time that bills at affected firms would not go up by more than £50 a month, setting aside £25 million of public money to find it. He also announced the creation of a £300 million discretionary hardship fund and a separate relief scheme for pubs.
These measures have been delayed, however, after councils say they were not prepared to send out new bills to affected businesses due to a lack of guidance and insufficient billing software.
Government spokespeople have also cited the general election and ongoing Brexit negotiations as sources of delay.
Local Government Minister Marcus Jones has called Capita, Civica and Northgate Public Services - firms responsible for providing councils with updated software to help them issue new bills to businesses – into Whitehall for talks.
A deadline of 21 August has now been agreed for the implementation of the new software and reduced rates. Jones has also written to local authorities asking them to update software and re-bill the businesses in question as soon as possible.
The Federation of Small Businesses has described the delays as "shambolic". Writing in July, the lobbying group called for communities secretary Sajid Javid and the government to “get a grip on the situation”.
Subscribe to Business Sale Report
This well-established company specialises in high-security transport services for government-linked projects, with a focus on passenger transportation for Home Office asylum accommodation sites.
This multidisciplinary engineering and environmental consultancy boasts a proven track record of over 20 years in delivering complex infrastructure projects across sectors like infrastructure, water resources, and maritime.
This is a rare opportunity to acquire an award-winning high-quality ice cream manufacturer with a recognised brand and a purpose-built factory.
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.