UK govt abolishes business rates for small venues
‘An exceptional step’: Some grassroots venues and other small businesses in the UK will not pay any business rates for the next year, the UK chancellor has announced
News By | 11 March 2020
Businesses with a rateable value of below £51,000 will not pay any business rates – the tax levied on non-domestic property in the UK – for the next year, in what comes as a boost to the country’s grassroots music sector.
UK chancellor Rishi Sunak announced the rates abolishment today (11 March) as part of the government’s budget for 2020, which focuses on how to ease the economic impact of the Covid-19 outbreak. The rates relief will run from April 2020 for…
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