Autumn Budget 2017 [electronic resource] RICS full response
Autumn Budget 2017 RICS full response [electronic resource]
- London RICS 2017
The government has made significant announcements on business rates in the Budget. The Chancellor pledged a further £2.3 billion of support to businesses and measures to improve the fairness of the system in England. The Chancellor's announcements include bringing forward the planned switch in indexation from RPI to CPI to 1 April 2018, continuing the £1,000 business rate discount for public houses with a rateable value of up to £100,000, and increasing the frequency with which the VOA re-values non-domestic properties from five years to three years after the next revaluation in 2022. The Treasury will consult on the implementation of these changes in Spring 2018 and that local government will be fully compensated for the loss of income resulting from these measures.
United Kingdom--
The government has made significant announcements on business rates in the Budget. The Chancellor pledged a further £2.3 billion of support to businesses and measures to improve the fairness of the system in England. The Chancellor's announcements include bringing forward the planned switch in indexation from RPI to CPI to 1 April 2018, continuing the £1,000 business rate discount for public houses with a rateable value of up to £100,000, and increasing the frequency with which the VOA re-values non-domestic properties from five years to three years after the next revaluation in 2022. The Treasury will consult on the implementation of these changes in Spring 2018 and that local government will be fully compensated for the loss of income resulting from these measures.
United Kingdom--