Rural Rate Relief is available to businesses situated within a rural settlement (with a population below 3,000) that meet the qualifying criteria. There are two elements to rural rate relief.
Mandatory Rural Rate Relief
A Post Office or general store with a rateable value below £7,000 which is the only one of its type within the rural settlement, is entitled to 50% relief.
These provisions also include the sole public house or petrol filling station within a rural settlement with a rateable value below £10,500.
In addition, the scheme is extended to include qualifying village food shops. They are able to receive 50% mandatory rate relief.
Qualifying food shops are those stores with a rateable value of up to £7,000 that are located in a qualifying rural settlement and sell ‘food for human consumption’. Food for human consumption excludes confectionery and catering such as takeaways.
All new small non-agricultural businesses on farms with rateable values of up to £7,000, whether or not operated by the farmer, receive mandatory 50% rate relief for up to five years.
Businesses granted Mandatory relief can also apply for discretionary rate relief.
Discretionary Rural Rate Relief
Any rural business that has a rateable value below £14,000 and is located in a rural settlement can apply for rural rate relief.
The council can grant up to 100% discretionary rate relief. Any relief granted will be reviewed after three years.