BUDGET 2016: Business rate reforms will see around 600,000 companies pay no business rates by 2020, with more than half of all businesses paying lower rates, chancellor George Osborne has announced.
The rates will also be linked to the CPI rate of inflation rather than the previously used RPI, which tends to be higher.
The measures join a reduction of corporation tax from 20% to 17% over the same period.
The moves could mean that through business rates alone, companies could save up to £6,000 pa for the foreseeable future.
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