Small Business Rate Relief

Less than 50% of small businesses eligible for small business rate relief are actually applying for it. Could you be missing out ?

From the AVDC website:

From the 1 April 2007 businesses with small, or low value premises are entitled to a reduction to the business rates usually charged.

A small business rate relief is available at 50% for ratepayers occupying single properties with a Rateable Value (RV) up to £5,000, with relief declining in percentage terms on a sliding scale, until at £10,000 RV it is 0%. Relief can only be allowed on one property and is only available to ratepayers with either:-

One property with a RV less than £15,000; or
One main property and other additional properties, each of which has a RV under £2,200, where the aggregate RV is less than £15,000.

Applications for relief must be received before the 30 September of the following year. An essential criterion is that the applicant must be an eligible ratepayer on 1 April of the year for which rate relief is sought. If a ratepayer ceases to be eligible on a given day, the relief will cease from that day.

For further information see the AVDC website at the following link:
http://www.aylesburyvaledc.gov.uk/business/relocating-to-aylesbury-vale/business-rates/sbrr/

The Conservative Party has confirmed that if we win the next election, a Conservative Government would make Small Business Rate Relief automatic. That means scrapping the forms and bureaucracy of handling thousands of claims. It also means providing the help straight away, cutting the fixed overheads of small businesses each and every year.

When taken alongside our plans to cut small company corporation tax rates and reduce the payroll taxes of the smallest employers, this measure is another sign that, as a party, Conservatives are on the side of enterprise.