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 business rates bill.
- Local Councils will be given extra grant to offer discretionary relief for business in hardship cases.
As soon as the Government passes legislation and provides the technical details of these changes, affected businesses will be contacted further.
In the meantime the annual bills, printed prior to the budget announcement are being sent out over the next few days.
Ratepayers should pay their bills in accordance with the payment instructions shown on the bill until advised otherwise.