Monday, 13 January 2014

Small Business Rate Relief - (13th January 2014)

George Osborne’s Autumn Statement last month promised to alleviate the business rates burden on small businesses, mainly by preserving and extending Small Business Rate Relief (see  The measures include the extension, for a further 12 months until 31 March 2015, of a 100% relief (double the usual 50%) for RVs up to £6,000 and taper relief to £12,000; and the introduction of a 12 month transition period during which relief will still be claimable even when a business acquires an additional property which would otherwise take it outside the relief.

There is extra help promised for retail businesses, including a 50 per cent business rates relief for 18 months - between 1 April 2014 and 31 March 2016 - for businesses that move into retail premises that have been empty for a year or more.   See the DCLG Business Rates Information Letter (9/2013) for further details of these and other measures, as well as a link to a consultation paper on reforms to the business rates appeal process.

Paul Dixon

No comments:

Post a Comment