Budget 2009: Plan to allow companies to spread payment of business rates not enough, says HTA

The HTA says a Budget plan to spread payment of business rates does not go far enough.

Chancellor Alistair Darling confirmed in today's Budget that firms will be able to spread the payment of the April 2009 inflation up-rating to business rates over three years.

But HTA business development head Tim Briercliffe said: "Our view is that this is not going to help our members very much. It just delays a cost. You can put it off until next year but that relies on still having income next year. It would have been better to have a more significant discount or reduction to help business through these difficult times."

Business ratepayers are now able to defer around £700m across 1.8 million properties.

The Budget also extended further support to loss-making businesses by extending the enhanced loss relief announced in the 2008 Pre-Budget Report for an additional year and expanding HM Revenue & Customs' Business Payment Support Service.

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