Expansion of Small Business Bonus Scheme
Fiona Hyslop MSP has welcomed the news that 5,357 small businesses across West Lothian can benefit from as much as £4000 under the enhanced Small Business Bonus Scheme. Under the new, expanded scheme that comes into affect on the 1st of April 2010: Businesses with a rateable value of £10,000 or less will have their business rates ABOLISHED. Businesses with a rateable value between £10,000 and £12,000 will have business rates HALVED. Businesses with a rateable value between £12,000 and £18,000 will have their business rates REDUCED BY A QUARTER. Businesses with small chains of properties with a cumulative rateable value under £25,000 will have their business rates REDUCED BY A QUARTER. Ms Hyslop commented: “I am delighted that this worthy scheme has been extended to benefit small businesses in…