Retail Association) who have been campaigning for this discount over the last two years. The Chancellor’s decision in the Budget 2020 to further increase this retail discount to 100% for eligible retailers for one year will undoubtedly help with cash flow and support independent retailers through the coronavirus crisis. However, it is vital the Government continue to think ahead about the fundamental reform on business rates otherwise there will be a cliff edge for small businesses in 2021.
With this in mind, bira would like the Government needs to be more ambitious with its new Digital Services Tax to generate more income from the large internet businesses which could be offset against business rates for smaller hereditements as well as reformation of the VOA.
In the short term, bira will be looking for: