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Spring Budget 2017

The Chancellor's Spring Budget on 8 March 2017 included three business rate announcements which did not come in time to be reflected in 2017/18 business rate bills ( please note that business rates and the national multiplier is set by central government and not Welwyn Hatfield Borough Council).

Discretionary Support - The government made a limited amount of funding available over four years from 2017-18, to provide discretionary relief to those ratepayers facing significant increases in their bills following the 2017 rating revaluation.

We have rolled out our discretionary relief policy to help those businesses facing large rate increases following business rates revaluation. Relief has been applied to each qualifying applicant for 2017/18. Applicants will need to apply for relief for future years.

Support for Small Business Rate Relief - There  is increased support for those businesses that lost small business rates relief entitlement as a result of the 2017 rating revaluation. The support  limits increases in bills to £600 per annum (£50.00 per month). Those businesses entitled to support  are in receipt of the limited increases of £600 per annum  for losing their small business rate relief entitlement. Relief has been rolled out to all the qualifying cases.

 £1,000 discount for smaller pubs in 2017/18 and 2018/19 - The £1,000 business rate discount to pubs that are entitled to the relief  will apply for the the 2017/18 and 2018/19 years. All qualifying pubs have already received their entitlement to relief.

 

 

 

 

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