Rate Relief for Small Businesses
From 1 April 2005 a new rate relief scheme became available to
help small businesses
Who will qualify?
* Only properties with a rateable value under £15,000 can
be considered for the relief.
* Ratepayers occupying only one property in England with
a rateable
value under £15,000 will qualify for the relief.
* Ratepayers occupying more than one property in England
may also qualify providing the additional
properties each have a rateable value of less than £2,200 and the
total value of all the properties remains below £15,000. In
these cases only the main property will be eligible for
relief.
How much will it be?
* All eligible properties (with rateable values below
£15,000) will have their bill calculated using a reduced multiplier
(e.g. from April 2007
(0.441).
* Eligible properties with a rateable value of less than
£5,000 will get 50% rate relief.
* For eligible properties with a rateable value from £5,000 to
£9,999 the amount of relief will reduce on a sliding scale of 1%
for every £100 below £10,000 rateable value.
* Eligible properties with rateable values from £10,000
to £14,999 will not receive a relief reduction but will have their
bill calculated using the reduced multiplier.
How do I apply for Small Business Rate
Relief?
Application must be made in writing to the Council
From 2007 the government has changed how you apply for this
relief and instead of having to make an application each year
you will only have to make a claim once during each valuation
period. A Valuation Period lasts 5 years (currently 1
April 2005 to 31 March 2010). An application for a previous
year's relief must be made no later than 30 September in the
year following the financial year for which relief is sought.
An application form for Small Business Rate Relief can be
obtained from the Council.
Contact:
If you have any questions please contact:
The Revenues Office, Purbeck District Council, Westport House,
Worgret Road, Wareham, Dorset. BH20 4PP
Telephone: 01929 557248/557247