Changes to business rates announced in the March 2017 Budget

The chancellor has announced some changes to business rates from 1 April 2017 which will provide further support for businesses facing significant increases in bills following the 2017 revaluation. We are not yet able to implement these changes as the Government are in consultation as to how they will be administered. As such your 2017/18 business rates bills will not reflect any additional support you may be entitled to.

The following ‘headline’ changes were announced:

  • support for small businesses losing small business or rural  rate relief to limit increases in their bills
  • funding will be given to local authorities to provide support to business facing significant increases in their bills following revaluation.
  • the introduction of a £1,000 business rate discount for public houses with a rateable value of up to £100,000.

State aid limits will apply to these reliefs.

The Council has already sent application forms to all pubs and are in the process of granting the relief’s if applicable. If you still wish to apply for this relief, please complete the application form which you can find under Business Rates – reductions and reliefs.

The Council will also be shortly publishing the Revaluation Support policy and sending letters to everyone to explain the criteria and how to apply. For more information about revaluation support use the link below:

You can now apply for the supporting small business relief, again you need to make sure you meet the criteria, please see the criteria under Business rates information and please complete a form if you think you qualify. We will write to those cases that meet the criteria within the next few weeks

If you have any further queries regarding the above, please contact the Business Rates team on 01438 242875