ACS backs government's business rates scheme

Monday, 23 November 2009

acs_logo_The Association of Convenience Stores has cautiously welcomed the government's decision to implement a five year transitional relief scheme on business rates.

The scheme will see businesses that have seen significant variation in their rates have payments phased in and capped over the five year period.

The ACS said many forecourt retailers had expressed concerns that their business rates had increased by up to 400%.

Under the proposals, businesses that have had increases in excess of 100% will not pay rates on more than 100% of their rateable value by the end of the 5 year period.

However, businesses that have had rate reductions in excess of 44.3% will not receive full benefit from this decrease during the 5 year evaluation period.

ACS chief executive James Lowman said: "The transitional relief scheme provides some reassurance for businesses that have seen massive rate increases, but we are highly concerned that businesses could suffer in the 2015 re-valuation.

"If the anomalies in rateable value, especially in the forecourt sector, are not addressed then those with new rateable values well in excess of 100% could be faced with the remainder of their increase in one hit."

 

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