Businesses Given More Time to Pay Business Rates

Alistair Darling made a late change to the impact of business rate rises which were due to take effect in England from 1 April 2009.

Business rates were due to go up by 5% from 1 April 2009. However under the new scheme the rise will be restricted to 2%, with businesses being able to spread the cost of the remaining 3% over the following two years. Many had feared that the proposed increase could have caused major cash flow issues for many businesses.

If you would like to find out more or have any questions, we will be delighted to offer any help or advice. Please contact Peter Hogan at Darlington, Nicola Bellerby at Durham or Terry Doyle at York.

For more information see the fact sheet.

Internet links: Fact sheet BBC news

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