Small pubs to benefit from new £1,000 business rates relief

Small pubs are set to benefit from a £1,000 business rates discount after the Government announced a brand new tax relief over the weekend.
Chancellor Sajid Javid said the new Pubs Relief will be launched in April this year, cutting business rates bills by £1,000 for qualifying pubs.
The relief will apply to the around 18,000 pubs with a rateable value below £100,000.
The new relief forms part of a package of measures designed to save the high street, which also includes the extended Retail Discount. Under this measure, small businesses with a rateable value of below £51,000 are eligible to receive a one-third discount on their business rates bill.
Music venues and cinemas, meanwhile, will also be included in the Retail Discount scheme from April, while local newspaper offices will be entitled to a £1,500 discount for a further five years.  
Commenting on the measures, Community Pubs Minister Luke Hall said: “Pubs are front and centre of communities around the country, the key to thousands of jobs and providing a meeting point for local residents to get together and enjoy a pint.
“Today’s business rates cut continues our firm commitment to support pub owners, helping to keep the pints pouring and the locals happy.”
Mr Javid added: “These [changes] will mean lower rates for the small independent shops, cafes and locals at the heart of our communities, as well as for the local papers that are a vital pillar in local democracy.”
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