NNDR government announcements
On the 8 March 2017 the Chancellor of the Exchequer announced the following to take affect from 1 April 2017;
- Any business coming out of small business rate relief will benefit from an extra cap - meaning their rates will not increase by more than £50 a month.
- There will be a £1,000 discount on business rate bills for all pubs with rateable value of less than £100,000 - 90% of all pubs.
- A £300m fund will be made available to councils to allow them to provide discretional relief.
On the 23 November 2016 the Chancellor of the Exchequer announced the following to take affect from 1 April 2017:
- The doubling of Rural Rate Relief to 100% for the sole village shop, post office, public house or petrol station.
- The Government will provide a new 100% business rates relief for new full-fibre infrastructure for a five year period from 1 April 2017.
On the 16 March 2016 the Chancellor of the Exchequer announced the following to take affect from 1 April 2017:
- Small business rate relief doubled from 50% to 100% for properties with a rateable value less than £12,000;
- Properties with a ratable value between £12,000 and £15,000 will recieve tapered relief;
- Increase in the threshold to a rateable value of £51,000 for the standard business rates multiplier.
On the 25 November 2015 the Chancellor of the Exchequer announced the following:
- the doubling of the Small Business Rate Relief will be extended for a further 12 months until 31 March 2017;
- the Government will report back on the business rates review by Budget 2016;
- the provisional 2016-17 small business non-domestic multiplier is 48.4p and the non-domestic multiplier is 49.7p.
- responses to the issues and questions raised in the Business Rates Appeals Consultation document had to be made by 4 January 2016.