| answer text |
<p>Since Budget 2016 the Government has introduced a range of business rates measures
in England worth £13 billion over the next five years. This includes switching the
annual indexation of business rates from the retail price index to the consumer price
index, representing a cut in business rates every year to all ratepayers, including
nurseries, and saving businesses over £6 billion over the next five years. It also
includes doubling small business rate relief from 50 per cent to 100 per cent for
eligible businesses and raising the threshold for 100 per cent relief from £6,000
to £12,000. Eligible businesses with a rateable value between £12,000 and £15,000
will be entitled to tapered relief. Independent nursery providers may therefore be
eligible for small business rate relief if they occupy a single property with a rateable
value below £15,000. After the 2017 revaluation, the Government established a £300
million fund to enable local authorities to provide additional targeted support to
their local businesses.</p>
|
|
