Small Business Rate Relief
This is available at 50% for ratepayers occupying single properties with a rateable value up to £5,000, with relief declining in percentage terms on a sliding scale until it is 0% at £10,000.
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 £2,200.
The rateable value of the property mentioned in (a), or the aggregate rateable value of all properties mentioned in (b), must be under £15,000 outside London or £21,5000within London.
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 businesses properties with rateable values between £10,000 and £15,000 (£21,5000 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.
Ratepayers must apply for the relief each year and must be eligible on the 1st April of each year. If a ratepayer ceases to be eligible on a day during the year in question, the relief will cease on that day. An application for relief must be submitted in writing to the local authority within 6 months of the end of the end of the financial year to which it relates.
If you have any queries concerning the information contained in these notes or if you wish to apply for Rate Relief please contact the rates office on 01270 537771 or write to:
The Executive Director
Treasury and Corporate Support
Revenues Section
Delamere House
Delamere Street
Crewe
CW1 2JZ
Or email: business.rates@crewe-nantwich.gov.uk