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<p>At Budget 2018 the Government introduced a Retail discount which cuts small retailers’
business rates bills by a third for two years from April 2019. This is worth over
£1 billion to businesses. The Government has also doubled the threshold for Small
Business Rate Relief from April 2017 benefitting the smallest retail properties. This
means 675,000 of the smallest businesses now pay no rates at all.</p><p> </p><p>The
Government is committed to a fair tax system that is simple to understand and easy
to comply with. The Office of Tax Simplification provides independent advice to the
Chancellor on simplifying the tax system.</p>
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