Nursery World - Budget: Small nurseries taken out of business rates

Measure in yesterday's Budget set to affect the early years sector include a cut to business rates, a sugar levy and an extension to childcare vouchers.

Small private nurseries stand to benefit from a reduction in taxing trade properties, announced in yesterday’s Budget.

The Business Rates tax on business properties will now only apply to businesses renting properties with rateable values over £15,000.

This is a significant rise from the current £6,000 threshold, so will offer many nursery owners a new tax break.

Local authorities will lose revenue as they collect the levy, similarly to council tax.

Courtney Donaldson, head of childcare at specialist business property adviser Christie & Co, said, ‘We welcome the Chancellor’s announcement in relation to the proposed changes to Business Rates and that the small business rates relief threshold will rise from £6,000 to £15,000.

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