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Government late action impacts on SME business rates relief

30 May 2017

Many SME businesses are still waiting for the business rates support promised by chancellor Philip Hammond in his last Budget statement.

His promise that bills would not increase by more than £50 per month has not been seen by many SMEs, according to the BBC.

Nearly 25,000 small businesses, many of which are involved in the delivery of services to the FM sector, have lost all or part of their small business rates relief.

Delays for support have been caused by the government's announcement being made after the new bills had been printed.

English councils are also still waiting for further guidance from the Department for Communities and Local Government (DCLG), according to the BBC.

This is necessary to ensure that local authorities will receive the necessary level of funding from Whitehall.

Further delays have also been caused by the General Election, it has been reported.

However, the DCLG has reported that it has completed the necessary paperwork and passed this to local authorities in the last few days and has stated it is encouraging them to inform eligible businesses "as soon as possible".

The sum of £25m was set aside to pay for Mr Hammond's pledge, but many small businesses have been forced to pay increased levels of business rates while waiting for this to be released.

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