Blog
Relief Deadline Draws Near
29 September 2010
Rates relief worth 200 million pounds could potentially be lost if small businesses fail to apply for it before the deadline at the end of this month.
If a business has occupied commercial premises in the three year period ending April 2010, then they could qualify for help under the revised Small Business Rates Relief (SBRR) Scheme. For businesses with a rateable value of less than £6000 occupying one property, relief of up to 100 percent is available.
The new scale relief for the SBRR was produced following a 20 percent increase in rateable values for 2010-2011. The relief for empty properties has also been extended so that vacant sites with a rateable value of less than £18,000 will be exempt from business rates for one year.
Time is running out to take advantage of this amended relief. Ruddle Merz have helped many clients secure SBRR and save money. Call 0800 883 0353 for a free business rates review or email us at enquiries@ruddlemerz.co.uk.
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