The National Motorcycle Dealers Association (NMDA) has welcomed the Chancellor’s Budget pledge to ease the burden on companies hardest hit by the business rate tax hike.
Philip Hammond confirmed that no business losing small business rate relief would see their bill increase next year by more than £50 a month. He said he could not scrap business rates altogether as the tax brings in £25bn a year, but a £300m would be allocated to local authorities to deliver discretionary relief to the hardest hit by the changes.
“It is positive to see that the Chancellor has pledged to ease the burden on those hardest hit by business rate tax,” commented Sue Robinson, director of the NMDA.
“It was also confirmed that the government would be consulting with business ahead of the next rating review in 2022.
“We will now be looking at the Budget in detail and will engage with the government to ensure our members can benefit from future measures.
“We also acknowledge the introduction of T-Levels 16-19 technical. We will be monitoring the situation and keep our members informed.”
T-level qualifications are aimed at establishing parity between academic and technical routes for young people.