Blog
Temporary Increase in Small Business Rate Relief
06 September 2010
As the deadline for the change in small business rate relief (1st October 2010) draws near, Nick Sercombe, Director of Surveying Services at Ruddle Merz, reviews the current government plan to automate small business rate relief.
For a temporary period starting on the 1st October 2010 to 30 September 2011, the relief for small business rates will be increased. Businesses with a rateable value of up to £6,000 will be entitled to 100% relief. If the rateable value is between £6,001 and £12,000, then relief will be applied on a sliding scale between 100% and 0%.
If businesses believe they are entitled to this relief, applications have to be made to the local council and confirmation must be given that no other property is occupied above the prescribed limit. Automation of this service will not be as simple as thought though, as local authorities cannot determine if the ratepayer occupies another property without an application. Major alterations to the existing scheme would need to be made if the Government is to fulfil its pre election promise.
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