Good News for Dorset Businesses
7:07am 2nd April 2014
More than 2,300 shops and pubs in Dorset are set to benefit from a new package of business rate support which has now come in to force.
The Government claim that in some cases small businesses with a rateable value of £10,000 could save 30% extra or more compared to last year's rates bill.
In addition to the new business rate discounts, specially targeted to support small shops, all businesses can now choose to spread their bill payments over 12 monthly installments rather than ten after rules were changed to give businesses greater control over their cash flow.
Eric Pickles, Secretary of State for Communities and Local Government, said today's new measures would make a huge difference for struggling small shop owners and help businesses and high streets across the country build a stronger economy. He said:
"A key part of the Government's long-term economic plan is to back business with lower taxes. Small shops are the lifeblood of local economies, and today's changes will mean a massive boost to our town centres - helping to create more jobs and securing a better future for our children."