Chancellor says economy ‘stuck’ as Treasury reviews business rates cliff edges

Rachel Reeves under fire as small firms hit by tax 'cliff edges'

The Chancellor has unveiled plans to overhaul property tax rules that penalise smaller firms expanding beyond their first premises.Rachel Reeves announced a Treasury review of business rates regulations that impose sharp financial penalties on companies opening additional sites.The government will scrutinise rules that strip firms of small business rates relief once they acquire a second property, unless strict conditions are met.The reforms for…

Chancellor says economy ‘stuck’ as Treasury reviews business rates cliff edges

The Treasury said it would consider overhauling small business rates relief rules which ‘can discourage’ expansion and investment

The Chancellor confirms the Government will review the Small Business Rates Relief

A recently released report from HM Treasury has confirmed that the Chancellor Rachel Reeves is reviewing the Small Business Rates Relief (SBRR), as she attempts to kick-start the economy and give businesses a platform to expand and grow. She has reaffirmed her commitment to helping small businesses and will also look at business rates in... The post The Chancellor confirms the Government will review the Small Business Rates Relief appeared first…

Treasury Targets Business Rates Reform to Boost Small Companies’ Expansion

Plans have been unveiled to overhaul business rates, including measures to eliminate ‘cliff edges’ for small firms, with the progress welcomed by UKHospitality, BRC, ACS, and CBI.The UK government is examining changes to the current system of business rates – the tax levied on commercial properties – as part of a broader drive to reduce bureaucracy and stimulate economic growth.An initial report from the Treasury indicates a focus on reforming s…

Rachel Reeves says economy is not broken, it’s just stuck – Your Capital Minds

Chancellor Rachel Reeves has signalled a fresh push to support small businesses by reforming business rates, pledging to remove the “cliff edges” that discourage firms from expanding. At present, companies lose all access to small business rates relief when opening a second property, a rule widely criticised for stifling growth and investment. Speaking today, Reeves said the government’s top priority was delivering growth and that small business…

Rachel Reeves says economy is not broken, it’s just stuck

Chancellor Rachel Reeves has signalled a fresh push to support small businesses by reforming business rates, pledging to remove the “cliff edges” that discourage firms from expanding. At present, companies lose all access to small business rates relief when opening a second property, a rule widely criticised for stifling growth and investment. Speaking today, Reeves said the government’s top priority was delivering growth and that small business…