Smaller businesses to benefit after Autumn Statement

editorial image

The Goverment’s Autumn Statement of an extension of the doubling of small business rate relief and a two per cent cap on business rate will be a welcome news for many small businesses.

David Cramp, od TaxAssist Accountants in Brighouse, said independent shop owners, businesses operating from small office premises, local garages, pubs and restaurants will benefit.

“Although we’ll have to wait until the 2016 Budget for the much needed full review of the business rates system, these measures go some way to help to level the playing field between businesses which operate from shops and offices and their online competitors,” he said.