Budget Statement

November 2018

The Government outlined several proposals to help small businesses from 2019/2020 onwards:

Retail Rate Relief

The Government intends to help town centres and High Streets evolve by cutting business rate bills by one-third for retail properties (including shops, cafes and restaurants) with a rateable value below £51,000, benefitting up to 90% of retail premises, for two years from April 2019. This is subject to state aid limits. 

Public lavatories

The Government will introduce 100% rate relief for all public lavatories from 2020/2021.

Local newspaper discount

The existing £1,500 discount for office space occupied by a local newspaper will continue for 2019/2020.

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.

Last reviewed: 12 - 03 - 2019

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