Tax

Independents save thousands: Business rates suspended for shops and cafes

Independents save thousands: Business rates suspended for shops and cafes

Thousands of UK independent businesses will save up to £25,000 by removing business rates in 2020. Chancellor Rishi Sunak claims companies with a rateable value of less than £51,000 will be eligible for the tax holiday, which applies to independent shops, cinemas, restaurants in South London.