Revaluation 2017 means that rateable values have been reassessed and 70% of bills are unchanged or have reduced nationally. To limit the impact of yearly increases and reductions in bills, Transitional Arrangements apply. For those affected, details are shown on the business rates bill.
New Small Business Rates Relief rules apply from 1st April 2017 and more businesses will qualify, subject to the property rateable value and scheme conditions.
The Spring Budget 2017 changes are not included in the Annual Bills dated 13th March 2017 and will be applied as soon as possible.
More information on business rates is available on our website.