MH Real Estate

Tuesday 22 April 2014

 Business Rates

The 2013 Autumn Statement introduced a number of measures designed to reduce the burden of business rates. From 1 April 2014, businesses will be able to spread the cost of their business rates over 12 monthly instalments, rather than in 10 instalments as at present. Further, the business rates increase will be capped at 2% for the year commencing April 2014 for all businesses, as opposed to a 3.2% increase to match inflation.