COVID-19: 'Catastrophic blow' as pandemic business rate discounts denied

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Thousands of firms are to be refused business rates discounts claimed due to the COVID19 pandemic in what has been described as a 'catastrophic blow'

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Real estate adviser Altus cited one estimate suggesting rates appeals could have cost the government up to £5bn.Tax burden to reach highest level since 1960sOur priority throughout this crisis has been to protect jobs and livelihoods.By providing more targeted support than the business rates appeals system, our approach will help protect and support jobs in businesses across the country.

He said firms had"spent the last year lawfully pursuing business rate adjustments only to have their statutory legal right ripped from them to allow the government to roll out a wholly inadequate scheme which won't deliver enough business rates support". But she added:"Other firms whose revenues have been hard hit by the crisis will certainly be highly frustrated that their appeals for discounts will be null and void now."

 

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Bye bye more businesses

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