Business Rates Autumn Statement

Date: 24th November 2016
Author: Mark Keirl
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Rural Relief:

In an attempt to remove some inconsistences rural relief is set to double to 100% from 1st April 2017

Uniform Business Rate:

Amended in light of the RPI for September the multiplier will be 46.7p, large business supplement will be 1.3p resulting in a multiplier of 47.9p

Digital Infrastructure:

100% relief for new full-fibre infrastructure for 5 years from 1 April 2017.

Transitional Arrangements:

Transitional relief cap in year 1 will fall from the proposed 45% to 43% and 50% to 32% the year after.

In the words of the Chancellor...

“Trust Me It Is Complicated”

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Mark Keirl MRICS Director
Demetri Papaioannou BSc (Hons) MRICS Senior Surveyor