As widely publicised, changes to business rates were expected and several measures were announced today to provide £435m of further support.
- Small business support to those businesses losing their Small Business Rate Relief to cap the increase in their bills to £600 or the real terms transitional relief cap.
- Provide £300m of discretionary relief to English local authorities to support individual hardship cases.
- A £1,000 business rate discount for public houses with rateable values of up to £100,000.
- More frequent business valuations of properties, at least every 3 years.
To discuss how we can help you and your business, please call Helen Sewell on 01527 558539 or email [email protected].