Local discretionary discount
The government has given local authorities a set amount of money to help local businesses experiencing large increases in their business rates bills following the 2017 revaluation.
This money will be phased over the five year revaluation period from 2017-18 to 2021-22, with the amount of money reducing each year.
We have put together a scheme to help those in our area with their business rates bills, taking into account the money we have been given. Those ratepayers that receive help under this scheme could have the increase in their business rates bills reduced by up to 3.1%.
You may get help under this scheme in 2020-21 if:
- the rateable value of your property has increased as a result of the 2017 revaluation
- your rate liability as at 1 April 2017 was higher than your rate liability on 31 March 2017 (after reliefs, reductions and transitional relief has been taken off of your bill)
- your property’s rateable value is under £275,000
- you are not getting mandatory relief (relief for charities, community amateur sports clubs or rural rate relief)
- you occupied your property on 31 March 2017 and 1 April 2017 (and each other day relief is being requested)
- the business you operate is local; businesses that are national or multi-national will not be considered.
You will not get help under this scheme if:
- your property's rateable value on 1 April 2017 was £275,000 or more
- your property has been unoccupied since 31 March 2017
- you took occupation of your property after 1 April 2017
- your business is national or multi-national and not local
- the property is a prescribed educational establishment (such as a school, college or university)
- the property is occupied by a billing or precepting authority
- you are getting mandatory relief (for charities, community amateur sports clubs or rural rate relief)
- an application for reduction under S44a of the Local Government Finance Act 1988 has been made
- the property has an increase in rateable value after 1 April 2017 which increases the rate charge to above what it was on 1 April 2017.
If you think you may qualify for a local discretionary discount, please contact the Business Rates Team