Rate relief compensation 'nigh on impossible'

By Sam Clayden | 18 March 2016

The Government’s plans to reimburse local government for raising the threshold for small business rate relief would be ‘nigh on impossible’ going forward, according to the Institute for Fiscal Studies (IFS). 

In his Budget on Wednesday, chancellor George Osborne announced small business rate relief would become permanent and would now apply to properties with a rateable value of up to £15,000, with higher rate relief increasing from £18,000 to £51,000. 

Want full article access?


Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

`

Already a subscriber? Login

Whitehall Finance Business rates Fiscal Freedom Budget
Top