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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 has 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.

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).  At the end of August we rolled out the limited increases of £600 per annum for those businesses 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 - We have also awarded a one off £1,000 business rates discount to pubs that are entitled to the relief as announced by the Chancellor in his Budget.

 

 

 

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