17/04/2012 - National Business Rates Deferral Scheme Launched
The Government has launched a business rates deferral scheme allowing companies to delay paying some of their rates bill for up to three years.
The scheme will offer business ratepayers the chance to postpone payment of some of the rates bill for the 2012-13 financial year only, over a three year period.
Nationwide, the scheme is allowing deferrals of £605 million.
The Government will give ratepayers the opportunity to defer 3.2% of their 2012-2013 rates bill as a result of the Retail Prices Index up rating, to be re-paid equally across the 2013-2014 and 2014-2015 financial years.
Source: thebusinessdesk.com, 16/04/2012
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