Small Business Rate Relief
This relief came into effect on 1 April 2005.
Eligible businesses with rateable values of below £5,000 will get 50% rate relief on their liability. This relief will decrease on a sliding scale by an estimated 1% for every £100 of rateable value over £5,000 up to £10,000. Your local billing authority will calculate the exact decrease.
The relief is available to ratepayers with either:
- one property
- or one main property and other additional properties, providing the additional properties do not have individual rateable values of more than £2,200 and the combined rateable value of all the properties is under £15,000 (or £21,500 in London). The treshold for the combined rateable value is dependent on the location of the main property. The main property is the only one that will have the relief applied to it. The additional properties will have their charges calculated using the standard multiplier.
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| Contact John Winkworth 07148 829100 ext.229 or j.winkworth@richmondshire.gov.uk
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