How To Register For Small Business Rate Relief
Contact your local council to apply for small business rate relief.
How to register for small business rate relief. Small business rate relief. The new criteria are. Cash grants of 10 000 will be paid to businesses receiving small business rate relief small business bonus scheme in scotland including taper relief or rural rate relief. Using more than one commercial property. Grants will be paid automatically by local authorities.
Ratepayers who occupy a property with a rateable value which does not exceed 50 999 and who are not entitled to other mandatory relief or are liable for unoccupied property rates will have their bills calculated using the lower small business non domestic rating multiplier rather than the national non domestic. This relief is aimed at helping small businesses where they are not entitled to another mandatory relief. Businesses that are currently in receipt of small business rate relief sbrr will be eligible to receive a 10 000 cash grant payment related articles coronavirus flights. The rate payer occupies only one business property in england and it s rateable value is less. To qualify for this relief the following conditions must apply.
Businesses have to occupy property to qualify. Qualifying businesses with a property with a rateable value of 12 000 and below receive 100 relief. The government have announced changes to small business rate relief from 1 april 2017. Small business rate relief guidance. Qualifying businesses with a property with a rateable value between 12 001 and 15 000 receive relief on a sliding scale.
Businesses with a rateable value of up to 12 000 receive 100 relief while businesses with a rateable value between 12 000 and 15 000 receive tapered relief from 0 100. Small business rate relief examples. You will not pay business rates on a property with a rateable value of 12 000 or less. Easyjet and ba. A rateable value of 13 500 results in a 50 reduction off the bill.
Ratepayers who occupy a property with a rateable value which is not more than 50 999 will have their bill calculated using the lower small business rate multiplier. A rateable value of 14 000 results in a 33 reduction off the bill. Eligibility and additional features. Information about the schemes available to support businesses during covid 19.