The small business rates relief scheme has been permanently doubled with effect from 1 April 2017.
It was previously extended annually at each Autumn Statement. Small businesses who occupy properties with a rateable value of below £12,000 (up from £6,000) will pay no business rates at all from 1 April 2017. Over 600,000 businesses will benefit from this change.
A tapered relief scheme will be implemented for rateable values between £12,000 and £15,000; from 100% relief below £12,000 to no relief above £15,000.