How can you reduce your bill?
There are a number of reductions and reliefs available for Business Rates.
Rate reductions and reliefs
There are a number of rate reductions and reliefs that businesses can apply for. More information may be found at Business Link but you will have to contact the Council to apply for any type of relief. Please see a brief outline of the most common reliefs below:
- Since 1st April 2008, if a property is empty and unused, no business rates are normally payable for the first three months that they are empty. Industrial and warehouse properties qualify for a further three months' exemption from Business Rates. After that, full Business Rates are normally payable. Some types of business property are not subject to empty property rates and will qualify for an exemption. An exemption will automatically be applied to your bill, if appropriate, when you advise the Council in writing that the property has become empty.
- Charities are entitled to an 80% reduction in their bills. The Council has the discretion to reduce the bill further. In addition, the Council has the discretion to grant relief to some other types of non-profit making bodies.
- Rate relief is available for businesses with rateable values of up to £6,000, where the business is established on previously agricultural land or buildings. Subject to certain conditions, the business will get a 50% reduction in the rates bill for up to five years. Local Councils have discretion to give further relief on the remaining bill on any such property.
- This discretionary relief may be granted by the Council if you are experiencing temporary hardship and your business is considered to be important to the local community. Applications should be made in writing, supplying copies of the last two years audited accounts. Please contact us if you need any further advice about making an application.
Small Business Rate Relief
- This percentage reduction (relief) is only available to ratepayers who occupy either--
(a) one property, or
(b) one main property and other additional properties providing those additional properties each have a rateable value which does not exceed £2,599.
October 2010 to 31st March 2014:
Above relief increased to 100% < £6,000 & Taper < £12,000
The rateable value of the property mentioned in (a), or the aggregate rateable value of all the properties mentioned in (b), must not exceed £17,999 outside London or £25,499 in London on each day for which relief is being sought. If the rateable value, or aggregate rateable value, increases above those levels, relief will cease from the day of the increase.
An application for Small Business Rate Relief is not required. Where a ratepayer meets the eligibility criteria and has not received the relief they should contact their local authority. Provided the ratepayer continues to satisfy the conditions for relief which apply at the relevant time as regards the property and the ratepayer, they will automatically continue to receive relief in each new valuation period.
Certain changes in circumstances will need to be notified to the local authority by a ratepayer who is in receipt of relief (other changes will be picked up by the local authority). The changes which should be notified are--
(a) the ratepayer taking up occupation of an additional property, and
(b) an increase in the rateable value of a property occupied by the ratepayer in an area other than the area of the local authority
Please contact office for further information
After each revaluation there is a period of transition which ensures that no bill is allowed to increase or decrease by more than a set percentage. Any property with a large increase or decrease in its rateable value will therefore come under the transitional relief scheme, which has the effect of phasing the revaluation in over a period of time. If transitional relief applies to a rates bill, it will be applied automatically.
Further Business Rates information may be found on the website of Communities and Local Government (link on this page).