Philip Hammond has set out how he intends to soften the blow of the 2017 business rates revaluation for small businesses.
The chancellor has pledged to introduce “smoother and more frequent revaluations”, but is not releasing any details today.
“We will set out our preferred approach in due course,” he said.
In the short term, three new measures will be introduced to help small businesses.
The fund will be allocated by a formula. Communities secretary Sajid Javid will set out details in due course.
Contact for further information:
Baker Davidson Thomas
Telephone: 01256 840 777
8th March 2017