Small Business Rate Relief
If the property has a rateable value of less than £18,000 from 1st
April 2010 you may qualify for Small Business Rate Relief
(SBRR). For properties entered in to the rating list after
1st April 2009, small business rate relief will
apply from the date that the property was entered on to the rating
list. The condition regarding properties being shown on the
list as at the 1st April has been removed.
To qualify for SBRR the ratepayer must:
- occupy only one property , or
- occupy one main property and other additional properties
providing those additional properties have rateable values less
than £2,600.
PLEASE NOTE: You are only eligible to claim Small
Business Rate Relief on ONE property regardless of how many
properties you occupy.
The rateable value of a single property or the
aggregate total value of all the properties must be less than
£18,000 (or £25,500 within Greater London).
Businesses who qualify and whose rateable value is less than £6,000 would get 50%
relief. This will decrease on a sliding scale if your rateable
value is between £6,000 to £12,000. If the rateable value is between £12,001 and £17,999
the bill would be calculated using a lower multiplier than non-qualifying businesses.
Businesses must apply in writing and there are time limits
on how long you have to apply so please don’t delay - apply as soon
as you can. You can get further information on Small Business Rate
Relief and do a trial calculation by visiting the My Business Rates
website.
Apply Now;
Application form to apply from period 1
April 2010
Application form to apply for period up
until 31 March 2010 (Nb. The Rateable value thresholds
shown above may vary if you are applying for SBRR up to 31
March 2010).
If you delay your application it could cost you money.
Please note: If your business qualifies for
Mandatory Charity Relief or Mandatory Rural Rate Relief you
cannot get SBRR as well.
Dont forget: if you move into, out of, or
within Wychavon you need to let us know as this will affect your
bill.
Please contact us with the details.
Budget Announcement - Increase in Level of Small Business Rate
Relief
This is important news that could benefit your business.
The Government is introducing a temporary increase in the level of
Small Business Rate Relief (SBRR) available to eligible
businesses. These changes will come into effect on
1st October 2010. For further details please
click on this link.
NB. This temporary increase will be extended
for a further 12 months from 01 October 2011 and further details
will follow in due course.
