The next business rates revaluation takes effect from 1 April 2017

The government is regularly required to update the ‘rateable values’ of business properties in England to make sure that they are paying the right amount of rates.

Alongside this we’re introducing the biggest ever cut in business rates – a £6.7 billion package over the next 5 years.

This is about making business rates fairer

The revaluation will make the system more accurate by ensuring business rates bills reflect the property market.

Nearly three-quarters of businesses will see no change or a fall in their bills from 1 April 2017 thanks to the business rates revaluation, with 600,000 businesses set to pay no business rates at all.

The government will not benefit financially from the revaluation – it is a revenue neutral process.

In addition, from April 2020 business rates will switch from being linked to the Retail Price Index (RPI) to the Consumer Price Index (CPI), saving businesses around £370 million in total from 2020-21.

The government is providing £3.6 billion directly to businesses to help with the revaluation

The transitional relief scheme will support ratepayers by capping and phasing in any rise in bills.

600,000 small business will pay no business rates at all

As part of the £6.7 billion package of business rates cuts over the next 5 years, the government has permanently doubled Small Business Rate Relief.

Eligible properties with a rateable value of £12,000 and below will receive 100% relief.

Eligible properties with a rateable value between £12,000 and £15,000 will also benefit from business rates relief, offering significant reductions on their business rates bills.

With the 2017 elver season under way, the Environment Agency is reminding Somerset’s elver fishermen to stay the right side of the law.

Eels are an endangered species and recognised by the Convention on International Trade in Endangered Species (CITES) as in need of protection. Fishing for elvers is allowed in England and Wales, but under strict conditions to ensure stocks are not over-exploited.

The elver season runs from 15 February – 25 May inclusive and is largely limited to the Rivers Parrett and Tone. There are approximately 200 licenced elver fishermen in Somerset who must register with the Environment Agency at the start of the season.

Sustainable fishing includes the capture of elvers for re-stocking in countries across Northern Europe where eel stocks have declined and cannot be replenished naturally.

All elver fishing in Somerset is done with hand held nets known as ‘dip nets’. They are restricted in size to 1m long, 0.8m wide and 0.45m deep. Handle lengths should be no longer than 4m. Fishing from boats is prohibited and no other large nets or traps are allowed. As a further precaution, all nets must be tagged and fishermen have photographic ID.

Elvers are attracted to fresh water so to protect stocks, no fishing is permitted within 10m of any river obstruction, dam, inlet, outlet or fish pass that hinders the passage of elvers. A full list of rules can be found in the elver fishing bylaws.

Richard Dearnley for the Environment Agency said:

We recognise the majority of elver fishermen operate responsibly and respect the law. We work closely with the police in detecting illegal fishing and, where we have evidence, won’t hesitate to prosecute offenders.

Any illegal or suspicious activity can be reported to the Environment Agency or Crimestoppers. If you would like to report information on environmental crime anonymously, call 0800 555111.