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On the 08 March 2017 the Chancellor presented his Spring Budget to parliament.

He announced £435 million to support businesses affected by the business rates relief revaluation.

This means no small business that is coming out of small business rates relief will pay more than £600 more in business rates this year than they did in 2016-17.

Funding for local authorities will allow them to provide £300 million of discretionary relief to provide help to businesses most affected by the revaluation.

And from April 2017, pubs with a rateable value up to £100,000 will be able to claim a £1,000 business rates discount for one year.

Further information on the Spring Budget and details of any open consultation can be found at gov.uk

 

 

Last modified: 15 March 2017