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Business rates relief for small businesses
There has been much lobbying from the small business sector to reduce business rates. The Chancellor stated in his budget that 600,000 small businesses currently benefit from small business rates relief.
In order to support the licensed trade from April 2017, pubs with a rateable value up to £100,000 are able to claim a £1,000 business rates discount for one year. This relief has now been extended until March 2019.