“It is positive to see that the Chancellor has pledged to ease the burden on motorcycle retailers hardest hit by business rate tax”, comments Sue Robinson, Director of the National Motorcycle Dealers Association (NMDA).
In today’s Budget, the Chancellor confirmed that its new business rates relief, targeted at small retailers, could knock a third off their bills and that 90% of them would benefit from the proposals. To qualify as a small retailer, business premises must have a rateable value of £51,000 or less.
Robinson continued, “It was also confirmed that the government would be consulting with business ahead of the next rating review in 2022.
“It is also encouraging to see that Government is continuing its commitment to apprenticeships by halving the contribution to the apprenticeship levy for smaller firms from 10% to 5% in a £695m package to support apprenticeships. This is welcome news for the industry allowing dealers, manufacturers and training providers to plan for the future.
“We will now be looking at the Budget in detail and engage with the Government to ensure that our members can benefit from future measures.”
About the RMI
The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.