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Planned cut to business rate rises in England has been brought forward by two years to April 2018

CPI

In its latest Budget, the Government announced that the annual inflationary uplift which was linked to RPI would now be linked to CPI (Consumer Price Index).  The move to bring forward the linking business rates to the lower measure of inflation will mean rate bills are lower than they would have been over the next two years, welcome news for hard pressed business occupiers.

From April 2018, Business Rates were due to go up in line with September's RPI of 3.9%, while CPI was 3% that month.

For a forecast of your business rate liabilities for 2018-2019 and an assessment of the potential to mitigate them, please contact Ged Denning at gd@dwdllp.com

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