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Luton Borough Council

Spring budget 2017 announcement

In the March 2017 budget, the government announced three new schemes to help businesses facing a large increase in their business rates bills due to the national revaluation of non-domestic properties on 1 April 2017.

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The government introduced a £1,000 business rate discount for public houses with a rateable value of up to £100,000, subject to state aid limits, for one year from 1 April 2017.

Those ratepayers who are eligible should now have had the reduction applied to their rate account and will have received a revised rate bill.

If you think you may be entitled to this reduction and have not received a revised rate bill please contact us on [email protected].

A scheme of relief has been made available to those ratepayers facing large increases as a result of the loss of small business rate relief.

To support these ratepayers, the supporting small businesses relief will ensure that the increase per year in the bills of these ratepayers is limited to the greater of:

  • a cash value of £600 per year
  • the matching cap on increases for small properties in the transitional relief scheme

Those ratepayers who are eligible should now have had the reduction applied to their rate account and will have received a revised rate bill.

The government is providing English local authorities with funding to support a local discretionary rate relief scheme.

We have has implemented a local discretionary rate relief scheme for 2017-18 to allocate our share of the funding.

A full copy of our policy framework on our local discretionary rate relief is available below.

 

© 2020 Luton Council, Town Hall, Luton LU1 2BQ