Massive reduction in business rates for small business

Good news in today's budget for small businesses is that small business rate relief will be extended to properties with a rateable value of 15,000 and under from 1 April 2017. That will bring a large number of shops, offices and small workshops out of paying any business rates. Larger businesses with RV's over 51,000 are likely to be hit, however, with an incremental increase to fund the small business reduction.