Pubs raising a glass to the Budget tax relief

By The Newsroom
Published 25th Mar 2017, 12:00 BST
Natalie Cook and Jose Nobrega at The Eagle raise a glass to pub business rates cutsNatalie Cook and Jose Nobrega at The Eagle raise a glass to pub business rates cuts
Natalie Cook and Jose Nobrega at The Eagle raise a glass to pub business rates cuts
The vast majority of pubs in East Sussex are in line for welcome tax relief following the latest Spring Budget.

A revaluation of non-domestic business rates, charged on shops, offices, factories and warehouses, was carried out last year with the changes due to come into effect at the start of April.

Pubs across the county are set to receive a one-off £1,000 pub discount if they have a rateable value of less than £100,000 –as announced in the Chancellor’s first Budget, according to business rent and rates specialists CVS.

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Across East Sussex, Rother has the largest percentage of pubs who under the new small business rates relief scheme will no longer pay rates (26 per cent), followed by Hastings where 15 per cent of all its pubs will no longer pay any rates tax.

More than 90 per cent of all pubs with a rates bill in Hastings, Lewes, Rother, and Wealden will qualify for the temporary one year Government support discount of £1,000.

Eastbourne, however, has the largest percentage of pubs with a rateable value of more than £100,000 which do not qualify for this discount.

In West Sussex, 527 pubs are set to receive the one-off discount. While 45 of the largest establishments will not receive the discount any business experiencing large hikes in business rates can apply to the £300m five-year hardship fund, something also available for those receiving a discount.

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