TaxCorporate Tax£400m in business tax relief unclaimed

£400m in business tax relief unclaimed

Half of small businesses yet to apply for their share

Nearly half a billion pounds in business rate tax relief has yet to be
claimed because half of the small companies eligible for the cash have not to
applied for their share.

Research by the Local Government Association found that some small businesses
can claim to up to £2,500 cutting their rates bill in half.

Out of 78,770 businesses that were eligible for small business rate relief,
only 38,292 had claimed the rebate, the LGA found.

As a result the LGA has launched a campaign to encourage company owners to
contact their local council for the money, the FT reported.

Under new relief measures which came into effect at the beginning of April
last year, eligible businesses with rateable values below £5,000 will get 50%
back.

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

2m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson