‘Give small shops £1,000 tax discount’
SMALL SHOPS, cafes and pubs should be given a £1,000 business rates discount to help struggling high streets, the Federation of Small Businesses has said.
In its submission to Chancellor Philip Hammond ahead of the October 29 Budget, the FSB also called for a halt in annual inflation-linked increases in bills.
They also called for the removal of an anomaly which causes small firms to lose Small Business Rate Relief if they expand into a second premises, even if both locations are modest in size.
“For small business owners, this Budget is the Chancellor’s make or break moment.
“Warm words from the Government are welcome, but they need to translate into action.
“Brexit is naturally front of mind for many in Westminster, but it’s important to remember that small firms cite the domestic economy as its main barrier to growth. Securing the right Brexit deal is vital – so too is providing support closer to home.”