Businesses to get rate relief following #ukriots – The Government has pledged that it will allow businesses hit by the riots to defer their business rates payments if they are unable meet their obligations.
In particularly bad cases, councils may even be able to waive business rate and council tax invoices.
The promise was made by the Prime Minister, David Cameron in a speech to the House of Commons.
Mr Cameron said that tax payments for those firms most severely affected will be deferred and that the Valuation Office has been told to keep business rates on hold for businesses that have been hit by the public disturbances.
The Government has also extended the date by which claims can be made under the Riot Damages Act from 14 days to 42 days.
The Prime Minister said: “On repairing the damages, I can confirm that any individual, homeowner or business that has suffered damage to or loss of their buildings or property as a result of rioting, can seek compensation under the Riot Damages Act, even if uninsured.”
As part of the restoration measures, the Government is to establish a £20 million fund to assist High Street businesses in getting back on their feet and trading once more.