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 for this in writing and there are time
limits on how long you have to apply so please do not 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 Malvern Hills 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.
