Business rates budget statement

To help small businesses, the government has cut business rate bills by one third for retail properties with a rateable value of below £51,000 for two years from April 2019.

Find out more about the retail rate relief here.

Public lavatories – a 100 per cent rate relief will be introduced from 2020/21.

Local newspaper discount – the existing £1,500 discount for office space occupied by a local newspaper will continue for 2019/20.

Self-catering and holiday let accommodation – the Government will consult on the criteria under which self-catering, and holiday lets become liable to business rates rather than council tax to reduce fraud.