London Clancy has summarised the details of the latest announcements.
In the short term Business Rates will be cut by one-third for retail properties with a Rateable Value below £51,000, which will be available for two years from April 2019.
Furthermore, in the longer term, The Government is committing £675 million to help regenerate the UK's High Streets. New schemes such as the Future High Streets Fund and High Streets Task Force will assist with planning procedure, strengthening community assets and restoration of historic buildings on the High Street.
The initiatives predominantly revolve around the retail sector with no relief offered to other ratepaying sectors.
For more information on the Budget - click here
London Clancy has a longstanding Business Rates Advisory Department and continues to act on behalf of clients ensuring that they pay is accurate and fair.
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