Business Rates

The heated debate over the fairness (and unfairness) of business rates will no doubt continue and the Chancellor acknowledged in his speech that in the medium term the current system needs further reform, particularly in relation to taxing the digital part of the economy.

However, in an attempt to appease the business community in the short term, the Chancellor unveiled three new measures:

  1. No business losing small business rate relief will see their bill increase next year by more than £50 a month and the subsequent increases will be capped at either the transitional relief cap or £50 a month, whichever is higher;
  1. Pubs with a rateable value of up to £100,000 will receive a £1,000 discount on their business rates bill for 2017 (and the Chancellor indicated that this should help 90% of all pubs);
  1. A £300 million fund will be introduced for local councils to offer discretionary relief for hard-hit cases.

 

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Feb 23

No events today
The partners and I wanted to thank you again for your work this year on our behalf. We have found, since changing to your firm some time ago, that our lives have been made so much easier! We are very impressed and grateful for your attention to detail, your understanding of our practice and general practice in the whole, the sheer speed and helpfulness of your responses to our requests, questions and need for help. It really does make a difference to have a firm of accountants that understand general practice and the problems that we face, especially recently. We find the meetings with yourselves pleasant, easy to understand and easy to see where we can make improvements. I wish all GPs had accountants like yourselves! I am always happy to recommend to you friends and colleagues and would be more than happy for you to share this personal and practice recommendation with others.   Dr Andrew Dearden Roathwell Surgery (Senior Partner) and Treasurer of the British Medical Association (BMA)
-- Dr Andrew Dearden