Small Business Rate Relief
Small Business Rate Relief was introduced to help small businesses and became available on 1st April 2005.
Small businesses that have a rateable value below £6,000 will get 50% relief, and this will decrease on a sliding scale of 1% for every £120 to £12,000.
The relief is only available to ratepayers who only use one property in England, or who occupy other properties where these properties are under £2,599 rateable value, and the total rateable value of all these properties is below £17,999.
The scheme is funded through a supplement on the rate bills of those businesses not eligible for the relief. Ratepayers of eligible properties with rateable values between £12,001 and £17,999 do not have to contribute towards the relief and will have their bills calculated using the lower small business non-domestic rating multiplier.
Initially a yearly application form for the relief had to be made. However, as from 1st April 2007 ratepayers only need to apply for the relief once each valuation period, providing the ratepayer does not take up occupation of any additional properties. A valuation period is a period of five years during which time the local non-domestic rating list is in force. An application form for the relief must be submitted in writing to the local authority within 6 months of the end of the financial year to which it relates.
Ratepayers must complete an application form if it is for:
a) new application, or
b) change of circumstances i.e. the ratepayer has taken up occupation of any additional properties, or
c) 5 year review of relief.
However, if the ratepayer occupies properties in more than one area and the Rateable value of the property outside of the area where the Council is granting the relief increases, the ratepayer must notify the Council of the increase in writing. An application form in these circumstances is not required.
Any changes in circumstances must be notified to the council within 4 weeks from the date of change.
For further details or to request an application form contact;
Telephone: 01462 474668
Fax: 01462 474496