The Independent Garage Association (IGA) welcomes the reduction in small business rates announced by the Chancellor in today’s Autumn Budget.
“We are delighted the Chancellor is considering small businesses who are the lifeblood of the UK economy,” Stuart James, IGA Director comments.
“This will help garage owners by allowing them to reallocate their budget in a difficult market environment, at a time when the aftermarket is evolving and an increase in investment in tools and equipment is absolutely essential.”
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.
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.