We use 'cookies' to ensure that we give you the best experience on our website and if you continue to use this site we will assume that you are happy with this. If you would like to know about 'what a cookie is' and how we look after your data privacy here, follow the 'Learn More' link to read our Privacy Notice.

Okay, I'm happy with that.    Learn More

BUSINESS RATES SUSPENDED FOR MANY SMALL BUSINESSES

BUSINESS RATES SUSPENDED FOR MANY SMALL BUSINESSES

17 March, 2020

The Chancellor, Rishin Sunak, announced in the Budget yesterday a significant change to Business Rates with a positive impact for many small businesses. In short, for shops, cinemas, restaurants and music venues together with museums, art galleries, theatres and small hotels and B&B’s no business rates will be payable in the coming year if their rateable value is less than £51,000.

This could present a cash saving of up to £25,000 for some businesses. This is a significant step to help a sector that has experienced many challenges over recent years and who are now faced with the additional and somewhat unknown challenge presented by the coronavirus. The full impact of the Budget announcement needs to be considered further, as does the long term future of Business Rates in their current form.

At Clark Weightman we have experts in Business Rates. If you think we can help please call one of the team on 01482 645522.

WE ARE CLARK WEIGHTMAN

Clark Weightman Chartered Surveyors and Commercial Property Consultants operating in Kingston upon Hull, Beverley, Brigg, Barton, Hessle, Bridlington, Grimsby, Cleethorpes, Immingham, Scunthorpe, Doncaster, Louth, Lincoln, Gainsborough, Driffield

Contact Us

Clark Weightman Ltd, registered office: 20 The Weir, Hessle, East Yorkshire, HU13 0RU
A company registered in England, registration number 03735353