Business rates chaos as firms forced to pay extra before knowing if they can claim from £300m relief fund : THE TELEGRAPH

Clara Pilkington at Coldblow Farm in Kent which has already knocked down stables due to rate increase

Clara Pilkington at Coldblow Farm in Kent which has already knocked down stables due to rate increase Credit: John Nguyen for the Telegraph

Half a million companies will start paying higher business rates today without knowing whether they can benefit from a new £300 million relief package.

Restaurants, high street shops and businesses in the South East and London are among those worst affected by the first revaluation in seven years.

Some firms face a rise of around 50 per cent in the business tax and will have just 14 days to pay their first monthly installment.

However a new support fund announced by the Chancellor last month is not yet up and running and businesses do not know if they will be able to benefit.

A consultation on how the scheme will work has not been completed and each council will be free to decide for themselves who can be given financial support.

Experts expressed “huge concern” that businesses could be left in uncertainty for months because the scheme may not be fully operational until the summer.

Government sources last night defended the fund by saying it was only announced last month and indicating ministers want it ready by the end of April.

Jerry Schurder, head of business rates at Gerald Eve, said: “Whilst the package of measures announced in the Budget will eventually bring benefit to some businesses, the current uncertainty as to who will qualify and to what extent, is of huge concern.

“Rates bills landing on doormats now do not include any of the new reliefs and demand payment of the first monthly instalment within the next few days.

READ MORE : THE GUARDIAN

Advertisements

3 Comments

  1. The government seem determined to kill off any remaining small businesses, leaving global businesses without any competition. Most local high streets are full of empty shops already, and this rates rise will see many more giving up.

    Liked by 1 person

  2. Strange…because small business owners have generally been Conservative voters.

    Maybe they think they’ve something to conserve.

    I hope they now (and that hope that people see sense has almost evaporated) finally get the message that they are just as vulnerable to Tory I’m alright Jack as the rest of us..!!

    Liked by 1 person

  3. Every Tory for themself’s. Especially if you’re one of the top 1% The rest can carry on. Business as usual. Tories not giving a damn about killing off every thing they can. So long as it’s in the interest of their owners.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s