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18 Mar 2019

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18 Mar 2019

The government has recently presented new information surrounding Making Tax Digital
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11 Mar 2019

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8 Mar 2019

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Belhaven Bikes takes part in another LBSD!

6 Mar 2019

Belhaven Bikes, born in 2005, is an indie bike shop representing the local community of Dunbar and beyond
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Focus on people, both your staff and customers

6 Mar 2019

In retail, it is becoming more and more apparent that corporate strategies and emotional intelligence are at the frontline of a flourishing, buoyant store
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Are you ready?

6 Mar 2019

Organisation total minimum contributions to be paid into staff pension schemes increase on 6th April 2019
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10 Global Predictions for Retail 2019

4 Mar 2019

Expert consultancy firm AlixPartners take a look at the challenges and opportunities that face retail in 2019.

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Rural MPs supporting Local Shops

1 Mar 2019

MPs are supporting the rural convenience stores that are an indispensable hub for thousands of isolated communities across the UK
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Extension to High Street Rates Relief Scheme 2019

Posted on in Business News

ACS welcomes the announcement from the Welsh Government, which has confirmed an extension to the high street rates relief scheme for 2019-2020.

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Mark Drakeford, Welsh Finance Secretary, said:

"The high street is at the heart of local communities, providing a central hub for people to shop, eat and socialise. The current economic conditions and competition from the internet and out-of-town shopping centres, have hit some high street businesses hard."

The Welsh Government is estimating that 15,000 retailers in Wales with the rateable value of up to £50,000 will benefit from the 2019-2020 scheme.

Local authorities will also receive an additional £2.4m to provide discretionary rates relief where it is deemed necessary.

"This enhanced high street rate relief scheme for 2019-20 will ensure more ratepayers across Wales receive support to pay their bills and can continue to provide much-needed services to their local communities".

As reported by the ACS, eligible businesses will receive up to £2,500 off their business rates bills, with properties with a rateable value of up to £9,100 paying no rates at all.

James Lowman, ACS chief executive, said:

"Convenience stores and other small businesses in Wales will welcome this additional rate relief scheme which will help retailer to invest in improving their businesses in the future. ACS is part of the Cross Party Group on Small Shops, whose Supporting Entrepreneurship Inquiry highlighted the importance of using the business rates system to incentivise growth and investment. We are pleased that the Welsh Government remains committed to this, but urge them to ensure that local authorities make good use of the additional discretionary funds that are being made available to them".

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