CHARTERED ACCOUNTANTS 
CHARTERED TAX ADVISERS BUSINESS DEVELOPMENT CONSULTANTS
CHARTERED TAX ADVISERS BUSINESS DEVELOPMENT CONSULTANTS
CHARTERED TAX ADVISERS BUSINESS DEVELOPMENT CONSULTANTS
Home > > Business General > Legislation > Small Business Rate Relief
The Small Business Rate Relief scheme became effective on 1 April 2005, with the aim of alleviating the impact of business rates on small firms.
The scheme offers 50% rate relief to business properties with a rateable value of under £5,000.
The relief then decreases on a sliding scale of 1% for every £100 of rateable value, reaching 0% at £10,000.
The scheme is available to ratepayers with more than one property, provided that the additional properties have rateable values of less than £2,200, and the combined rateable value of all of the properties is under the appropriate threshold.
There is also a 'buffer zone' for properties with rateable values of between £10,000 and £15,000 which meet the eligibility criteria.
To qualify for the relief, properties must be on the local rating list on 1 April of each year, and business owners must apply to their local billing authority within six months of the end of the chargeable year.
For further details email Eacotts on services@eacotts.com or call 01628 665432
Eacotts Chartered Accountants and Chartered Tax Advisers
Servicing the Thames Valley, Berkshire, Buckinghamshire and the UK
This document is for guidance only and professional advice should be sought before acting on the information contained. No responsibility will be accepted by Eacotts for loss occasioned as a result of action taken, or refrained from, in consequence of the contents
Eacotts Limited is a company registered in England and Wales.
Company number 4708201. Registered Office: Grenville Court, Britwell Road, Burnham SL1 8DF
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