Supporting Small Businesses
Some small businesses will potentially benefit from a cap on Business Rate increases by set percentage or cash value.
Effective from April 2017.
Some small businesses will potentially benefit from a cap on Business Rate increases. This Relief will ensure that the increase per year in the bills of these ratepayers is limited to the greater of:
a) a percentage increase p.a. of 5%, 7.5%, 10%, 15% and 15% (2017/18 to 2021/22) all plus inflation; or
b) a cash value of £600 per year (£50 per month).