{"id":213,"date":"2014-09-22T00:00:00","date_gmt":"2014-09-22T00:00:00","guid":{"rendered":"http:\/\/slacc.wpengine.com\/index.php\/1000-business-rates-discount-for-high-street\/"},"modified":"2014-09-22T00:00:00","modified_gmt":"2014-09-22T00:00:00","slug":"1000-business-rates-discount-for-high-street","status":"publish","type":"post","link":"https:\/\/slacc.co.uk\/index.php\/1000-business-rates-discount-for-high-street\/","title":{"rendered":"&pound;1,000 business rates discount for High Street."},"content":{"rendered":"<p>\n\tIn her first major speech new High Streets Minister Penny Mordaunt tells retailers that business rates support is now helping all parts the country.<\/p>\n<p>\n\tSix months after it was introduced the &pound;1,000 business rates discount for local shops, cafes, restaurants and pubs (up to a rateable value of &pound;50,000) is estimated to be giving nearly 300,000 premises more than &pound;272 million of tax relief this year.<\/p>\n<p>\n\tThe minister called on all local authorities, businesses and citizens to follow this example and use government tax breaks as a springboard to shaping the future of Great British high streets across the country so they can remain a vibrant, viable part of the community where people live, shop, use services, and spend their leisure time.<\/p>\n<p>\n\tHigh Streets Minister Penny Mordaunt said:<\/p>\n<p>\n\t&ldquo;We must help all respond to the needs and wants of the consumer so the high streets remains at the heart of our communities &#8211; more than simply places to shop.<\/p>\n<p>\n\tWe announced the biggest package of business rates support in over 20 years to support local shops, pubs, cafes, and restaurants. Overall, this is worth &pound;1 billion to business with half of that backing high street shop and retailers in England.<\/p>\n<p>\n\tAround 300,000 retail premises are getting our new &pound;1,000 retail discount and our comprehensive list shows where those shops are located in the country. A typical small business could now be saving 30% extra or more compared to last year&rsquo;s bill.&rdquo;<\/p>\n<p>\n\tThe full list of the present business rate support measures are:<\/p>\n<ul>\n<li>\n\t\ta new reoccupation discount of 50% for 18 months for new occupants of retail premises that have previously been empty for a year or more<\/li>\n<li>\n\t\tallowing businesses to pay their bills over 12 months (rather than 10), which will help every firm with their cash flow<\/li>\n<li>\n\t\ta 2% cap on business rate inflation increase<\/li>\n<li>\n\t\tthe new &pound;1,000 business rates discount for local shops, cafes, restaurants and pubs (up to a rateable value of &pound;50,000) estimated as more than &pound;272 million of tax relief this year<\/li>\n<li>\n\t\tthe doubling of the extension of the small business rate relief until 31 March 2015, which will mean 360,000 business properties pay no bill at all<\/li>\n<\/ul>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>In her first major speech new High Streets Minister Penny Mordaunt tells retailers that business rates support is now helping all parts the country. Six months after it was introduced the &pound;1,000 business rates discount for local shops, cafes, restaurants and pubs (up to a rateable value of &pound;50,000) is estimated to be giving nearly [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-213","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=213"}],"version-history":[{"count":0,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/213\/revisions"}],"wp:attachment":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}