This is available at 100 per cent for ratepayers occupying single properties with a rateable value up to £6,000, with relief declining in percentage terms on a sliding scale until it is 0 per cent at £12,000. This is a temporary doubling of the usual level of relief which is a maximum of 50 per cent for a property with a rateable value of up to £6,000. The Government has announced the doubled relief will continue until 31 March 2017.
The relief is only available to ratepayers with either:
(a) one property, or
(b) one main property
and other additional properties providing those additional properties have rateable values less than £2,600.
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 within London.
The Government has introduced additional support to small businesses. For those businesses that take on an additional property, which would normally have meant the loss of small business rate relief, they will be allowed to keep that relief for a period of 12 months.
An application for small business rate relief is not required. Where a ratepayer meets the eligibility criteria and has not received the relief they should contact us. Provided the ratepayer continues to satisfy the conditions for relief, which apply at the relevant time as regards the property and the ratepayer, they will automatically continue to receive relief in each new valuation period.
If you are receiving small business rate relief, you must tell us if:
(a) you take up occupation of an additional property; or
(b) there is an increase in the rateable value of a property you occupy outside the area of Dacorum Borough Council.
The scheme is funded through a supplement on the rate bills of those businesses not eligible for the relief. The supplement is built into the standard non-domestic rating multiplier. However, ratepayers of eligible business properties with rateable values between £12,000 and £18,000 (£25,500 within London) do not have to contribute towards the relief and will have their bills calculated using the lower small business non-domestic rating multiplier.
If a ratepayer ceases to be eligible on a day during the year in question, the relief will cease on that day.
For further details, please contact the Business Rates team.