£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.

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