Budget 23 March 2011 - Announcement
Further one-year increase in Small Business Rate Relief
This is important news for your business. The Chancellor of the Exchequer announced at the Budget extra help for small businesses.
The current temporary increased rate of Small Business Rate Relief, which started on 1 October 2010 and was due to end on
30 September 2011, will now continue for a further year (1 October 2011 to 30 September 2012).|In the chancellor's Autumn statement November 2011 he announced the Government's intention to further extend this extra relief to 31st March 2013.
The measure doubles the usual rate of relief so that ratepayers with rateable values below £6,000 pay no rates at all for the period, while ratepayers with rateable values between £6,000 and not more than £12,000 receive tapered relief from 100% - 0%.
There are no other changes to the scheme and the Government has confirmed that it will meet the costs of the increased levels of relief.
Details on the eligibility criteria and how to apply for the relief if you do not currently receive it are set out on our |Small Business Rate Relief page.
