Thousands of companies are set to be refused business rates relief after the Treasury said it will legislate to "rule out" Covid-related business rates appeals. Instead the Government will provide a new £1.5bn pot of funding that will be distributed to sectors which have "suffered most economically" outside the retail, hospitality, and leisure sectors. The fund will be administered by local authorities, which will decide whether a business is eligible, and priority will be given to the worst-affected sectors.
Read more: Daily Mail
Visit our website here for more news and product information, or click the button below to submit a short enquiry form for your finance needs.
Comments