Business Rates Autumn Statement
Date: 24th November 2016
Author: Mark Keirl
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
100% relief for new full-fibre infrastructure for 5 years from 1 April 2017.
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”
Mark Keirl MRICS Director