PARLIAMENTARY WRITTEN QUESTION
Small Businesses: Non-domestic Rates (6 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.