Thursday, March 25, 2010

Help The High Street, Mr Darling

By any standards, my shop is a small business, yet because the rateable value is very high (the new level being £27,000), there's no business rate relief for us, even after the Budget increase in the qualification level. I find it hard to imagine the kind of high street shop that would have a rateable value of under £6000 and therefore gain business rates relief- a tiny newsagent in a deprived part of Liverpool perhaps.
Ironically, if we were to concentrate only on our online business, we could rent a smaller unit on an out-of-town industrial estate and would very likely be able to qualify for rates relief. Yet it's the high street that needs help. Perhaps square footage or turnover would provide better criteria for defining a small business.

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