Wales to Cut Business Rates by 30% for Pubs, Hotels and Gyms
The reduction, set to take effect in April, will be funded in part by higher rates on the largest businesses, BBC Business reported.
Pubs, hotels and gyms in Wales are set to receive a 30% cut in business rates, according to a report by BBC Business.
The change is scheduled to come into effect in April, the report said.
To help fund the reduction, the largest businesses in Wales will be required to pay higher rates, BBC Business reported.
Further details on the scope of the policy, including which businesses will be affected by the higher rates and the total cost of the measure, were not specified in the available report.
Sources
- Pubs, hotels and gyms in Wales to get 30% business rates cut — BBC Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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