Rising business rates are hurting small shops - and yet many shops don’t claim the rate relief they're entitled to because they don’t know about it or because it's too complicated.
Rate relief could save shops up to £1,100 a year - so it's vital we help owners claim the full amount they're owed.
So the Conservatives have created a simple, online tool to help. If you would like to check if your business would be eligible for the relief, please visit
… www.conservatives.com/smallshops
or
Small Business Rate Relief (SBRR) came into effect on 1st April 2005. The scheme is funded by a supplement on the rate bills of larger business ratepayers.
Properties with a rateable value of less than £5,000 will get 50% rate relief on their liability. Above £5,000 relief is available, but by 1% for every £100, below a maximum rate of £10,000 rateable value.
The relief is only available for ratepayers who either:
* Have one property and are not in receipt of any other relief.
* Have one main property not in receipt of any other relief and other additional properties with values of less than £2,200, to a total value £15,000 outside London or £21,500 inside London.
The local billing authority will calculate the exact reduction. The rate is calculated to each chargeable day. The relief is not automatic and must be applied for.
Who is not eligible?
* Businesses with rateable values above the limits
* Empty properties
* Those receiving charitable relief
Is there a time limit to apply?
Ratepayers have until September 30th 2010 to apply for rate relief covering the years of 2007-08.
Promoted by Michael Rabbitte on behalf of St. Ives Conservatives both at Alexandra House
Alexandra Road
Penzance TR18 4LZ
Tel: 01736 363664
Fax: 01736 330904
