Business Rates - reductions
Small Business Rate Relief.
This relief is only available to ratepayers who apply to their local authority and who occupy either-
(a) one property, or
(b) one main property and other additional properties providing those additional properties have rateable values less than £2,599
The rateable value of the property mentioned in (a), or the aggregate rateable value of all properties mentioned in (b), must be under £18,000 outside London or £25,500 in London on every day for which relief is being sought. If the rateable value, increases above those levels, relief will cease from the day of the increase.
Ratepayers who satisfy these conditions will have the bill for their single or main property calculated using the lower small business non domestic rating multiplier rather than the ordinary non domestic rating multiplier that is used to calculate the liability of other businesses.
If the single or main property is shown on the rating list with a rateable value of up to £12,000, the ratepayer will recieve a percentage reduction in their rates bill for this property of up to a maximum of 50% for a property with a rateable value of not more than £6,000. A business whose property has a rateable value over £6,000 and below £12,000 will recieve a reduction on a reducing scale of 1% for every £120.
The scheme is funded through a supplement on the rate bills of those businesses not eligible for the relief i.e their bill is based on the higher multiplier. Properties with rateable values between £12,000 and £17,999 (£25,499 in London) do not have to contribute towards the relief and will have their bills calculated using the lower multiplier. The multipliers for 2011/2012 are 0.426 and 0.433.
If an application for relief is granted, provided the ratepayer's circumstances do not change, the application will not need to be renewed.
From the 1st April 2009 ratepayers can apply for the relief from the date that the property was entered into the Valuation List. Previously if the property was not shown in the rating list on the 1st April of the financial year in which the relief was required ratepayers where unable to claim until the following financial year.
Unoccupied Properties
Removal of temporary threshold increase. From the 01 April 2011 empty properties with a rateable value of under £18,000 will no longer be exempt from empty property rates.
Once a property becomes empty, the first three months are exempt from rating (six months in the case of empty industrial property). After this period 100% rates are payable. Certain types of empty property will have no rates payable after the three month period expires - these include listed buildings, ancient monuments and those with a rateable value under £2,600.
If you have any queries regarding the Small Business Rate Relief, Unoccupied Properties, or would like an application form please contact:
Hambleton District Council
Resources Department
Civic Centre
Stone Cross
Northallerton
North Yorkshire
DL6 2UU
Or Telephone 01609 767062 (Business Rates)
revenues@hambleton.gov.uk
Bookmark this page using:
Find out more about social bookmarking.
These sites allow you to store, tag and share links across the internet. You can share these links both with friends and people with similar interests. You can also access your links from any computer you happen to be using.
If you come across a page on our site that you find interesting and want to save for future reference or share it with other people, simply click on one of these links to add to your list.
All of these sites are free to use but do require you to register. Once you have registered you can begin bookmarking. Each of the sites works slightly differently so use the links below to find out which service best suits your needs.
Find out more about social bookmarking at Wikipedia.
Hide this information.