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Half the SMEs across England are missing out on money that could make the
difference between staying afloat and going bankrupt, according to a survey by
the Local Government Association.
The survey of local councils reveals that under half of all businesses that
could qualify for Small Business Rate Relief, and cut their bills by up to
£2,500, have failed to apply for it.
Just 48% of small businesses have applied for relief, with around £400million
left unclaimed in England.
Council leaders have issued an urgent plea to businesses across the country to
come forward and claim the money they are entitled to.
Council leaders are urging small businesses to contact their local council
urgently to see how much tax relief they could be entitled to.
Chairman of the Local Government Association, Sir Sandy Bruce-Lockhart,
commented: "Small businesses up and down the country are facing immense
difficulties keeping their heads above water.
"Hundreds of millions of pounds is sitting around waiting to be claimed by hard
pressed bosses of small firms.
"When local businesses are facing rising costs, it is vital that they apply for
the tax relief that they are entitled to.
"Many thousands of businesses are entitled to a tax rebate that could make the
difference between business as usual and bust.
"Many of the shops that face the biggest cost increases are the very ones that
the local community depends on. They have nothing to lose by contacting their
local council as they could see their rates bill slashed by half."
Source:
RedAlert
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