Government small business initiative welcomed by IGA

The Independent Garage Association (IGA) has responded to the Government’s latest Initiative to Boost Small Businesses. The increase in the VAT registration threshold from £85,000 to £90,000 is welcomed, as it will provide relief to 28,000 small businesses, allowing them to invest more in their operations and expand their enterprises. Additionally, the freeze on the small business rates multiplier for the fourth consecutive year is particularly welcomed as it will safeguard over one million properties from higher bills, contributing to financial stability and security for many garage owners.