Non-domestic Rates: Valuation:Written question - 105680

Asked by Helen Hayes
(Dulwich and West Norwood)
Asked on: 06 October 2017
Department for Communities and Local Government
Non-domestic Rates: Valuation
To ask the Secretary of State for Communities and Local Government, what assessment he has made of the effect on small businesses of the increase in business rates which applied from 1 April 2017.
Answered by: Mr Marcus Jones
Answered on: 16 October 2017

The majority of businesses saw no change or a fall in their business rates liability at the 2017 revaluation. A £3.6 billion transitional relief scheme is providing support for the minority of businesses that face increases. From 1 April 2017 the Government permanently doubled the level of Small Business Rate Relief increasing the thresholds to benefit a greater number of businesses. Eligible properties with a rateable value of £12,000 and below now receive 100 per cent relief. This means that 600,000 small businesses pay no business rates at all. Additionally, at the Spring Budget 2017 the Chancellor announced a further £435 million package of relief to support ratepayers including small businesses.

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