NBRA Budget 2018 Comment

“It is positive to see that the Chancellor has pledged to ease the burden on bodyshops hardest hit by business rate tax”, comments Chris Weeks, Director of National Body Repair Association (NBRA).

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.

Weeks continued, “It was also confirmed that the government would be consulting with business ahead of the next rating review in 2021.

“We will now be looking at the Budget in detail and engage with the Government to ensure that our bodyshop members can benefit from future measures.”