Rate Relief for Small Businesses
Business rate relief of 50% is available
for ratepayers occupying a single property with a rateable value up
to £6,000. Relief declines in percentage terms on a sliding scale
until it is 0% at £12,000.
The Government has temporarily
changed the rules of the scheme - from 1 October 2010 to 31 March
2013 the relief will be 100% for properties up to and including
£6,000 rateable value, with tapered relief of between 100% and 0%
for properties with rateable values between £6,001 and
£12,000.
The relief is only available to ratepayers
with either:
- one property, or
- one main property and other additional
properties providing those additional properties have rateable
values less than £2,600.
In addition from 1st April 2012 all
ratepayers occupying a property with a rateable value less than
£18,000 will have their bill calculated using the Small Business
Multiplier (45p in £).
The multiplier is used by us when
calculating your business rates bill. It indicates the percentage,
or pence in the pound, of the rateable value that you will pay in
business rates.
To make an application please complete the
small business rate relief application form, this also includes
further information about the scheme.
Application Form for Small Business Rate
Relief (PDF, 44kb)
Contact Information
If you require further information or
advice please contact the Local Taxation team on (01539)
797758 email: counciltax@southlakeland.gov.uk