TaxAdministrationSmall businesses lose out on ?200m in tax relief

Small businesses lose out on ?200m in tax relief

Small businesses risk losing up to ?200m as some local authorities fail to follow latest guidance on tax relief

The
Department for
Communities and Local Government
(DCLG) has warned some local authorities
have been following outdated Whitehall guidance imposing the deadline of
yesterday for small business rates relief claims.

Two years ago, under an updated guidance, the department introduced a
three-year deadline which meant applicants had until 2010 to apply for the
2007-08 tax relief of up to ?1100 for individual businesses.

About 870,000 firms were eligible for the rebate, introduced in England in
April 2005. The
Local
Government Association
(LGA) told The Daily Telegraph yesterday
only half had claimed.

But some council websites and application forms for the relief are stating
that, those who missed yesterday’s deadline, would not be able to claim tax
relief for 2007-08.

Further reading:

Read
The Daily Telegraph story

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