Budget 2020: Business rates for small retailers abolished for 1 year

Budget 2020: Business rates for small retailers abolished for 1 year Chancellor Rishi Sunak

Business rates for small retailers will be abolished for the next financial year, according to the today’s Budget announcement. Chancellor Rishi Sunak said this applies to retailers with a rateable value of less than £51,000. The measure could save each business around £21,000 & benefit half of businesses across the UK

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