New rate relief schemes for small businesses

Three new rate relief schemes were announced in the Spring Budget, aimed at reducing the impact of business rate increases planned for 1 April 2017.

Small businesses facing large increases through the loss of their entitlement to Small Business or Rural Rate Relief, can apply to the council for a scheme which ensures their increase per year in bills (prior to the business rates supplement) is limited to a cash value of £600.

Pubs with a rateable value under £100,000 will receive a rates discount of £1,000 for 2017/2018.

Also a £300m discretionary relief fund will be available over four years from 2017/2018, to support businesses facing the steepest increases in bills following revaluation. The council will use discretionary powers to award relief under legislation and will be compensated for granting relief through a Government grant. Visit the Vale of White Horse District Council website for further details on how to work out your rates and if any rate relief schemes apply to you.

Alternatively, contact Vicky Johnson Revenues and Benefits Client Officer on 01235 422481.