Doubling of small business rate relief extended until 2017

Osborne revealed the extension in this afternoon's Autumn Statement and Spending Review. About 405,000 of the smallest businesses will continue to receive 100% relief from business rates - doubled from the usual rate of 50% - with around a further 200,000 benefiting from tapering relief, notes to the move said. Business owners can get the relief if they only use one property and their property's rateable value is less than £12,000. But under the extended doubling of this relief, they won't pay business rates on properties with a rateable value of £6,000 or less. After April 2017, u...