Spring Budget 2017 changes to business rates
Business Rates payers
As you will be aware from the media, changes are being announced almost on a daily basis which will have an impact of what many of you will have to pay for 2020/21.
We are awaiting further details and an update from our software supplier so that we can implement the changes and send the affected customers amended bills.
This is a very challenging time and staff are doing all they can to get the right bills to you as quickly as possible and we would ask you to bear with us.
If you have any questions or concerns, please e-mail email@example.com, quoting your reference in the subject box at the top of the e-mail. Your reference normally begins with a 3 and is 13 digits long. eg (3000000049532)
Spring Budget 2017 - Changes to Business Rates
In the Spring budget 2017 the Government has announced the following changes to business rates:
- 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 business rates bill.
- Local Councils will be given extra grant to offer discretionary relief for business in hardship cases.