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Spring budget relief scheme 2017

Supporting small businesses

In the spring Budget, the Chancellor announced that a scheme of relief would be made available to those ratepayers facing large increases as a result of the loss of small business relief following an increase in rateable value. Following guidance issued by the Department of Communities and Local Government ( DCLG) the London Borough of Hillingdon have identified those ratepayers who meet the Government criteria and applied an additional Supporting Small Business Relief backed dated to 1 April 2017.

Revised bills will be issued to those affected on 3 October 2017 to allow receipt of 1 October 2017 payment to be taken into account, reducing instalments due from 1 November 2017.

Revaluation Relief

As part of the Spring Budget 2017, the Government announced the establishment of  a £300m discretionary fund over four years from 2017/18 to support local businesses. Each council is able to design their own local scheme.

The London Borough of Hillingdon has designed a scheme to allocate the £849k awarded as part of the overall Government fund for 2017. This amount has been shared amongst a total of 1754 local businesses with rateable values up to £200,000, whose rateable value increased by more than 12.5% in the 2017 revaluation.

Those businesses affected will be issued with revised bills on 3 October 2017 reducing their instalments due from 1 November 2017.

Pub relief

In the spring Budget 2017 the Government also announced a new relief scheme for pubs for 2017/18.

The Government's policy intention is that eligible pubs should:

  • be open to the general public
  • allow free entry other than when occasional entertainment is provided
  • allow drinking without requiring food to be consumed
  • permit drinks to be purchased at a bar.

The council has identified the public houses/bars eligible for relief and applied the relief (up to £1000) automatically . Revised bills will be issued on 3 October 2017 with revised reduced instalments. Find out more about Government schemes in the Spring Budget

 

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Article utilities:  Bookmark and Share Print Print this page Last updated: 02 Oct 2017 at 13:48