Budget News - March 2017

The chancellor announced in the budget on 8th March 2017, further help to ease the burden from higher business rates.

The Chancellor says the tax brings in £25bn a year, so he can't abolish the rates. But he unveils three measures to help those affected:

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  1. No business losing small business rate relief will see their bill increase next year by more than £50 a month
  2. Eligible pubs with a rateable value of less than £100,000 will receive a discount of £1,000 in 2017/18
  3. A £300m fund for local councils to offer discretionary relief for hard-hit cases

We are currently waiting for more detail on how the measures should be applied, but will update this page as soon as any information is received.

If you feel that any of these measures apply to your business rate bill, please keep checking this page for more information.