Help with Business Rates

Help with Business Rates Bills

 

On 31 July, local authorities wrote to local businesses offering them the option to spread payment of this year's inflation up-rating to business rates over three years, under new legislation announced by the government in March.

 

There is real help available to meet these increases, and whilst it may appear complicated the application process is a simple form obtained from your local council.

 

 

2009/10 Business Rates Deferral Scheme

 

*Please note this is only available this year and applications must be made by 31 March 2010*

 

All business ratepayers can apply to their local council to put off 3 per cent of their whole year's 2009-2010 business rates bill. This deferral is not automatic you must apply for it.

 

For more details click here

 

 

Small Business Rates Relief

If you run a small business further help may be available. Small Business Rate Relief (SBRR) is available if you meet one of the following criteria:

 

• You occupy only one property and it has a rateable value of under £15,000.

 

• If you occupy more than one property each of the additional properties must have a rateable value of no more than £2,200 and total value of all properties in under £15,000.

 

Further information on SBRR is available on the Business Link site – click here.