The government has announced that a new Telecommunications Infrastructure Bill will allow100% business rates relief for operators who install new fibre on their networks and the Bill will incentivise operators to invest in the broadband network.
100% rate relief for new full fibre infrastructure in England will apply for 5 years and be backdated to 1 April 2017. The relief will provide £60 million of It will support to telecom companies who invest in their fibre network by installing new fibre lines to support the UK's digital infrastructure.
Comment
As large parts of the UK including areas in many city centres still do not support superfast broadband or mobile phone signals, accountants need to keep track of so called 'not-spots' (areas where there is no broadband or phone signal) as HMRC's draft provisions for Making Tax Digital for business include an exemption for the digitally excluded.
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