SMALL BUSINESS RATE RELIEF 2010Details of the scheme are as follows :-Outline
Eligible properties (hereditaments) with a 2010 Rating List rateable value of less than £6,000 will get 50% rate relief.
Eligible properties with a 2010 Rating List rateable value of between £6,000 and £11,999 relief will decrease on a sliding scale of 1% for every additional £100 of rateable value.
Eligible properties with a rateable value from £12,000 to £17,999 will have rate relief of 0% but will have their bill calculated using the small business non-domestic rating multiplier.
Eligible properties will have their bill calculated using the small business non-domestic rating multiplier of 42.6p in the pound as opposed to the multiplier for 2011/12 which has been set at 43.3p.
Eligibility criteria
The rateable value of the property must be within the thresholds stated above.
The relief is only available to ratepayers who are the occupiers of either: -
one property only in England, or
one main property and other additional properties in England providing those additional properties have rateable values less than £2,600 and the total value all the properties remains under the appropriate threshold (i.e. £18,000 outside London and £24,500 inside London). The applicable threshold (£18,000 or £24,500) will be based on the location of the main eligible property not the location of the additional properties.
Application is made to the billing authority where the main eligible property is situated
Properties in the buffer zone (rateable value between £12,000 and £17,999) must apply for the relief. The same eligibility criteria applies.
Calculation of the bill and changes through the year
The relief will be applied to the main eligible property only.
The charge on any additional properties (under £2,600) will be based on the higher non-domestic rating multiplier
The bill will be calculated for each chargeable day for which it remains eligible. As soon as a ratepayer fails to meet the criteria above (i.e. property is vacated or change of ratepayer or additional property occupied by same ratepayer) they are no longer due the relief.
