Property tax
2.101 Business rates: indexation – The government will cap the RPI increase in business rates at 2% for 1 year from 1 April 2014. (17)
2.102 Business rates: discount – The government will introduce a business rates discount of £1,000 for retail and food and drink premises with a rateable value below £50,000 for 2 years up to the state aid limits from 1 April 2014. (18)
2.103 Business rates: reoccupation relief – The government will introduce a 50% business rates relief for 18 months up to the state aid limits for businesses that move into retail premises that have been empty for a year or more. Businesses which move into empty premises between 1 April 2014 and 31 March 2016 will be eligible for the relief. (19)
2.104 Small Business Rate Relief (SBRR) – The government will extend the doubling of SBRR for a further year from 1 April 2014. (15)
2.105 Small Business Rate Relief on second properties – The government will relax the SBRR rules to allow businesses in receipt of SBRR taking on an additional property to retain SBRR on the first property for 1 year, with effect from 1 April 2014. (16)
2.106 Business rates: payment – The government will allow businesses to pay business rates over 12 months rather than 10 months, with effect from 1 April 2014.
2.107 Business rates: appeals – The government will consult on reforms to the business rates appeals process and will commit to clear 95% of the September 2013 backlog of appeals before July 2015.
2.108 Business rates administration: longer-term reform – The government will publish a discussion paper in spring 2014 setting out the advantages and disadvantages of different 94 Autumn Statement 2013 options for longer-term reforms to business rates administration which maintain the aggregate tax yield.
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