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ARTICLE · 09 MARCH 2017

Spring Budget 2017 Analysis - Business Rates

Deloitte
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The government will provide £435 million of further support for businesses facing significant increases in bills due to the English business rates revaluation from April 2017.

United KingdomGovernment, Public Sector
Deloitte LLP
Deloitte LLP
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The measure

The government will provide £435 million of further support for businesses facing significant increases in bills due to the English business rates revaluation from April 2017. This support is in addition to the £3.6 billion transitional relief announced in November 2016, and includes:

  • limiting the annual increase for small businesses losing Small Business Rate Relief to the greater of £600 or the real terms transitional relief cap; 
  • a £300 million business rates hardship fund to enable local authorities to grant discretionary relief to individual hardship cases; and
  • a one year £1,000 business rate discount for public houses with a rateable value of up to £100,000.

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