Autumn Budget 2018: Business rates cut for SMEs and new digital services tax

Philip Hammond said the rates relief will mean an annual saving of ‘up to £8,000 for up to 90% of all independent shops, pubs, restaurants and cafes’

Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33% cut to business rates and introduced a new digital services tax for companies with at least £500m in global revenue.

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