Spring Budget Rate Reliefs 2017
In the Spring Budget on 8 March 2017, the Government announced a number of relief schemes to assist businesses following the Revalution 2017. These reliefs include;
Rate Relief for Public Houses 2018/19
Pubs with a rateable value of below £100,000 will receive a discount of £1000 on their bill. The relief will have effect for 2017/18 and 2018/19. For full details of this relief, please see the.
Rate Relief for Supporting Small Businesses
Those ratepayers who are facing large increases in their bills from 1 April 2017 as a result of loss of Small Business Rate Relief or Rural Relief Rate will be eligible for this relief. This relief is a temporary measure for financial years 2017/18 to 2021/22. For full details of this relief, please see the.
Locally Administered Business Rate Relief
East Lindsey District Council has been allocated £720,000 of a £300 million national pot made available by the Government to design a local discretionary rate relief scheme to support those businesses most adversly effected by the Revaluation. For full details for this relief, please see the.
Although, all ratepayers that we believe will qualify for these reliefs have been sent application forms, if you would like any further information regarding this, please ring on 01507 601111 selecting Business Rates.