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While the Bill aims to help small businesses’ including new policies on a small business commissioner, simplified access to advice on regulation for franchisees or association members, and action on encouraging insurance companies to pay-up on time, there is little attention paid to one of the biggest cost for small businesses, business rates.
Javid’s Bill explains how it will reduce the repetitive information small businesses will have to provide to the Valuation Office Agency and local authorities, to create safer transfers of information.
But the ACS are reminding retailers that the full review of business rates will be disclosed by the Budget 2016, as the consultation period closed in June this year.
“Plans set out in the Enterprise Bill to allow retailers to ensure that their property’s rating assessment is accurate and up to date are helpful, and will mean that fewer retailers will have to take their rating valuations through a full appeals process,” ACS chief executive James Lowman said.
“We are still awaiting the results of the Government’s wider review of business rates, which we hope will introduce a fairer system of rating for all local shops.”
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