£1,000 pub discount among business rate relief package
0Central government has announced business rates relief for pubs of £1,000 in the next financial year.
Chancellor Sajid Javid said as many as 18,000 pubs – which need a rateable value of less than £100,000 to qualify – are expected to benefit from the discount from April.
Central government will fully reimburse local authorities for the local share of the discretionary relief using a grant under section 31 of the Local Government Act 2003.
The relief will come on top of the retail discount, which the government has extended from a third to a half.
It has also extended the discount to cinemas and music venues and extended the duration of the local newspapers office space discount for another five years.
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