BBPA welcomes Wales' Small Business Rate Relief

By Luke Nicholls

- Last updated on GMT

Related tags: Business rate relief, Small business rate, Small business, Wales, Business, Bbpa

The rate relief extension will help Welsh pubs avoid £250,000 in tax on the previously proposed increases
The rate relief extension will help Welsh pubs avoid £250,000 in tax on the previously proposed increases
The British Beer & Pub Association (BBPA) has welcomed the Welsh Government’s decision to extend Small Business Rate Relief to March 2015, which will avoid a £3.4m bill for thousands of pubs across Wales – as campaigned for by the industry’s Better Rates for Pubs campaign.

The decision means that, as for businesses in England,​ increases in business rates will be capped to two per cent. It will help Welsh pubs avoid £250,000 in tax on the previously proposed increases.

The BBPA has also welcomed the commitment from the Welsh Economy Minister, Edwina Hart, for the introduction of a fund to support small businesses affected by the revaluation delay to 2017.

“We welcome this decision by the Welsh Government as positive progress for pubs in Wales," said the BBPA's chief executive Brigid Simmonds. "The introduction of a fund to support small businesses affected by the delay to 2017 of the national revaluation is also welcome. However, pubs that feel they have a case for revaluation should still follow the appeals process."

The Better Rates for Pubs campaign, led by the BBPA, called for the extension of Small Business Rate Relief alongside measures to improve the flexibility of the rating system for pubs and the promotion of rural rate relief. 

The BBPA is also preparing to contribute to the review, by Professor Brian Morgan, of the future of business rates in Wales when the powers are further devolved to the Welsh Government.

Related news

Show more

Spotlight

Follow us

Hospitality Guides

View more

Featured Suppliers

All suppliers