Changes to business rates announced in the March 2017 Budget

16 Mar 2017

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.

Once we are advised of the qualification criteria we will update this information and contact those businesses we identify as being affected.

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.