Spring Budget 2017 changes to business rates
Spring Budget 2017 - Changes to Business Rates
The Government has announced the following changes to business rates in the spring budget:
- Any business losing small business rate relief as a result of the revaluation will not see their bill increase next year by more than £50 a month.
- Pubs with a Rateable Value of less than £100,000 will receive a £1,000 discount on their 2017/18 & 2018/19 business rates bill.
- Local Councils will be given extra grant to offer discretionary relief for business in hardship cases.
All ratepayers affected by these changes have been contacted by the Council.