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Business rates in York up for discussion

Business rates in York up for discussion

5:52am 8th April 2010

A revaluation of business rates in York could be on the cards.

Steps to reduce the financial burden on small firms is being discussed at a full council meeting tonight.

Council Leader Andrew Waller, who thinks rates should be based on a site's value rather than it's rental value. He has told Minster FM "A reform of business rates in York is necessary to introduce a fairer system".

It comes, after several traders in the city have complained they're being forced out of business.

Some have seen prices go up by as much as 300%.

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