Councils announce business rate relief for local pubs
South Bucks and Chiltern District Councils have put in a business rate relief scheme for pubs supported by funding from government.
This spring the chancellor announced that £300 million would be available nationally over four years to support small businesses, including pubs, affected by the rate increases following the Valuation Office Agency's revaluation of all business premises in England. As a result of the revaluation some small businesses were seeing increases in the amount they had to pay.
Pub Relief is designed to support local pubs with a rateable value of £100,000 or less. They will get up to £1,000 discount on their bill for 2017-18. In South Bucks 30 pubs have been awarded relief; in Chiltern it's 44.
The cost of £74,000 will be reimbursed by the government so there will be no cost to council tax payers in either district.
If any ratepayer feels that they should qualify for a reduction but have not yet received a revised bill showing the discount they should contact the Council where their pub is located.