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

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 67%

United States News News

United States United States Latest News,United States United States Headlines

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'

Suez Canal: Efforts resume to free Ever Given container ship amid fears UK-bound deliveries may be delayed

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."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bye bye more businesses

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in US

United States United States Latest News, United States United States Headlines