The Government announced in the spring budget support for ratepayers facing increases following the revaluation that came into effect from 1 April 2017. This support is provided locally by three schemes listed below.
State aid - relief under all three schemes below constitutes state aid. Under EU regulations you (or your company) cannot receive more than €200,000 (approximately £176,000) state aid in any three year period. If any award(s), together with all other state aid you may have received in the last two years, exceeds this limit you will not be eligible for these reliefs. Further information on state aid.
Supporting small business rate relief
This scheme, which will run for five years, supports ratepayers who lost all or part of their small business rate relief following the revaluation. If you qualify for this relief it will be automatically granted.
Eligible ratepayers remain in the scheme for either five years or until they reach the bill they would have paid without the scheme. The scheme means each year your increase as a result of the revaluation is limited to the greater of:
a) a percentage increase of 5% in 2017/18; 7.5% in 2018/19; 10% in 2019/20; 15% in 2020/21 and 15% in 2021/22 (all plus inflation) or
b) a cash value of £600 per year (£50 per month).
For the first year of the scheme the increase is taken against the bill for 31 March 2017 after small business rate relief.
In the first year of the scheme, this means all ratepayers losing some or all of their small business rate relief will see the increase in their bill capped at £600. The minimum increase is £600 per year thereafter. Ratepayers who paid nothing prior to 01.04.17 and are losing all of their entitlement to relief (i.e. moving from £6,000 rateable value or less to more than £15,000) would under this scheme be paying £3,000 in year five.
View the full scheme for further details.
Pub relief scheme
Eligible ratepayers will receive up to a £1,000 business rate discount for each eligible occupied public house in 2017/18 and 2018/19 only.
To apply for this scheme the property must be an occupied public house and meet the criteria set out in the full scheme. Read the full scheme to check you meet the criteria before applying.
If you qualify for this scheme please apply online.
Local discretionary scheme
Our local scheme supports eligible ratepayers with a rateable value under £200,000 whose rates solely as a result of revaluation have increased above a set percentage.
In most cases if you qualify for this relief it will be automatically granted. If you think you qualify but the relief is not shown on your bill please contact us.
A local discretionary scheme will run for four years, but the amount of funding from Government will reduce considerably each year. The scheme eligibility criteria and awards will be amended to reflect the amount of funding available. Any award is only for the year it is granted in.
View the full scheme for further details and the full qualifying criteria.