Small Business Rate Relief Improved
The Government has announced in the 2016 Spring budget that from 1 April 2017, Small Business Rate Relief (SBRR) will be permanently doubled and the thresholds will increase to benefit a greater number of businesses. Businesses with a property with a rateable value of £12,000 and below will receive 100% relief. Businesses with a property with a rateable value between £12,000 and £15,000 will receive tapered relief. However, please note that the Valuation Office Agency is currently re-assessing all rateable values, with the revaluation taking effect 1 April 2017.