IGA Welcomes Business Rate Relief Cap
The Independent Garage Association (IGA) welcomes the Chancellor’s announcement in today’s Spring Budget, that no small business losing rate relief will see their bill increase next year by more than £50 a month.
Stuart James, IGA Director commented: “Although a majority of independent garages have not been affected by the 2017 business rate changes, we are aware that a number of our members have faced serious business rate increases, so we are pleased to see that a rate relief cap will be put in place.
“However, we still need further information about how the government will help small businesses who have faced severe rate increases but are not eligible for business rate relief. More details are again needed on the £300m fund for local councils to offer discretionary relief for hard-hit cases.”
“I also question why pubs have been singled out to have a £1,000 discount on their business rates bills - many independent garages are struggling with expensive taxes and bills too.”
Businesses throughout the UK have seen dramatic changes to their business rates after the first revaluation in 7 years, where the government adjusts the value of business rates to reflect changes to property rental value. Although many areas of the country have seen their rates fall, London and the South East in particular have seen large increases.
NOTES FOR EDITORS:
Stuart James, IGA Director is available for interview.
Gemma Stannard, IGA Communications Officer
Tel: 0207 307 3402 ext. 1413
The Independent Garage Association is the largest and most prominent trade body in the independent garage sector, representing the industry in legislative and regulatory matters arising in UK and EU Government, as well as offering advice, information and services to members which ensure that the independent service and repair sector can thrive.