Business Rates News

Small Business Rates Relief from 1 April 2017

It was announced in the budget on 16 March 2016 that from 1 April 2017 Small Business Rate Relief will permanently double from 50% to 100%.

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The £6000 and £12,000 thresholds will increase to £12,000 and £15,000 respectively. Ratepayers with rateable values of less than £12,000 that meet the eligibility criteria will receive 100% and those between £12,000 and £15,000 will receive tapered relief.

The threshold for the standard business rate multiplier will also increase from £18,000 to £51,000

Local Newspapers

The government will introduce a £1,500 discount for office space occupied by local newspapers, up to a maximum of one discount per local newspaper title and per hereditament, and up to state aid limits, for 2 years from 1 April 2017.