Government caps business rate rises

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The government will prevent business rates from rising or falling too sharply when it introduces new business rates in the next financial year.</p><p>

Small bookshops and publishers occupying premises with a rateable value of less than &#163;12,000 (&#163;18,000 in London) will face maximum increases of 5% in their business rates for the 2000/01 financial year and 7.5% a year during the following four.
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Business rates will decrease by a maximum of 5% in the first two years, a maximum of 10% in the third, and a maximum cut of 25% in the fifth year on small properties whose rateabl...

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