Support for Small Businesses
A scheme of relief would be made available to those ratepayers facing large increases as a result of the loss of Small Business or Rural Rate Relief. To support these ratepayers, the supporting small business relief will ensure that the increase per year in the bills of these ratepayers is limited to the greater of:
- A cash value of £600 per year (£50 per month). This cash minimum increase ensures that those ratepayers currently paying nothing or very small amounts are brought into paying something, or
- The matching cap on increases for small properties in the transitional relief scheme.
It is expected that only a small number of accounts in Tendring will be affected by this change. We are awaiting clarification of how the government wishes us to apply these changes. Once the details are known we will take prompt action to amend relevant accounts and provide businesses with amended bills as soon as possible.
In the meantime please continue paying as currently billed until you have been issued an adjusted account taking into account the new Small Business Support. Please contact us if you think this will cause you financial difficulties during this interim period.
New Discretionary Relief Scheme
The Government announced that it will make £300 million available to local authorities over four years from 2017-18, to provide a discretionary relief to those ratepayers facing significant increases in their bills following the revaluation.
The Government is currently consulting with interested parties on the design of the scheme. Details will be published once further details are known as to how this scheme should be applied.
Support for Pubs
The Government has also announced a new relief scheme for pubs that have a 2017 rateable value of below £100,000. Under the scheme, eligible pubs will receive a £1,000 discount on their bill.
The government intends to consult on how this relief will be applied. Once we know more details we will be contacting eligible pubs to explain the application of the relief and further details will also be available on this website. Please continue paying business rates until you have been notified of any change to your business rates. Please however contact us if you think this will cause you financial difficulties during this interim period.