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Budget 2017

 In his budget on Wednesday 8 March, the Chancellor announced three new schemes of relief to support businesses,

  • Supporting Small Businesses;
  • New Business Rate Relief for pubs; and
  • New Discretionary Relief Scheme             

 

Supporting small businesses and new business rate relief for pubs

The government is still working on the operation of the new support and has not yet provided formal guidance to local authorities to enable us to deal with applications.

When we are provided with further guidance from government regarding the new relief schemes, we will aim to contact businesses directly who may be eligible to receive the support and invite them to apply. In addition full details and an application form will be available on the Council's website. Those qualifying for a relief will have the appropriate relief applied to their Business Rates account as soon as possible and where appropriate we will issue a new Business Rates bill. Payment should be made in accordance with the current Business Rates bill until advised otherwise.

 

New Discretionary Relief Scheme

The government has made a national discretionary business rate relief fund available of £300 million over four years from 2017/8 to support those businesses that face the steepest increases in their business rates as a result of the revaluation. 

The Council is currently in the process of designing its scheme. We will determine and award any exemption in accordance with the Department for Communities and Local Government consultation document on the design and implementation of the locally administered Business Rates Relief Scheme.

When the Council agrees its new scheme we will aim to contact businesses directly who may be eligible to receive the support and invite them to apply. In addition full details and an application form will be available on the Council's website. Those qualifying for a relief will have the appropriate relief applied to their Business Rates account as soon as possible and where appropriate we will issue a new Business Rates bill. Payment should be made in accordance with the current Business Rates bill until advised otherwise.

Updated: 15 May 2017
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