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Commercial Credit News
|Almost half of Owner Managed Businesses unaware of small business rate relief|
|Monday, 21 September 2015|
According to the latest Owner Managed Business (OMB) Barometer from Bank of Cyprus UK, 45% of OMBs are unaware of small business rate relief and are missing out on the savings it could represent for their business.
To help small business manage their costs, the government introduced a policy to double rate relief for small businesses. Up until 31 March 2016, non-domestic properties with a rateable value of between £6,000 and £12,000 are eligible for tapered relief of up to 100%. Properties with a rateable value of £6,000 or less are exempt altogether.
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