With the revaluation of business rates coming into effect in 2017, there has been much discussion around the subject. However, there are more changes than the most obvious increase in the rates which most areas will be experiencing. In George Osborne’s budget announcement, we saw a number of changes which will benefit the smaller occupier. For example small business rates relief has moved from 50% to 100%, and will now apply to any property with a rateable value of £12,000 or less. Previously, this only applied to properties with a rateable value of £6,000 and less.