Government
Autumn Budget 2018: Business rates cut for SMEs and new digital services tax
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2018/10/768px-Official_portrait_of_Mr_Philip_Hammond_crop_2-1-e1540833045917.jpg?lossy=1&strip=1&webp=1)
Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33% cut to business rates and introduced a new digital services tax for companies with at least £500m in global revenue.
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