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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 £5,000 will get 50% relief, and this will decrease on a sliding scale of 1% for every £100 to £9,999.
The relief is only available to ratepayers who only use one property in England, or who occupy other properties where these properties are under £2,200 rateable value, and the total rateable value of all these properties is below £15,000.
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 £10,000 and £15,000 (£21,500 within London) do not have to contribute towards the relief and will have their bills calculated using the lower small business non-domestic rating multiplier.
Ratepayers must apply for the relief each year and must be eligible on the 1st April of each year. 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.
For further details or to request an application form contact;
Telephone: 01462 474668
Fax: 01462 474496