Broadband: Small Businesses

Treasury written question – answered on 19th April 2018.

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Photo of Stephen McPartland Stephen McPartland Chair, Regulatory Reform Committee

To ask Mr Chancellor of the Exchequer, what plans he has to review tax rates applicable to the telecommunications industry for SMEs investing in broadband fibre.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

The government keeps all tax rates under review, and is already introducing a five-year business rates relief for new full-fibre infrastructure.

The government has also launched a £190m Challenge Fund, the £67m nationwide Gigabit Broadband Voucher Scheme and the Digital Infrastructure Investment Fund with £400m of public investment to stimulate the market to build full-fibre infrastructure and connect more homes and businesses than ever before.

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