Budget on 24 March, 2010: Business Rates update
Empty property rate relief for small properties (up to £18,000 RV) is to be extended for a further year covering 2010-2011
All properties under £6,000 RV will enjoy exemption from business rates liability for 12 months from October 2010 to October 2011.
All qualifying properties that have an RV between £6,001 and £11,999 RV will see increases in SBRR which were due to implemented at -1% off your bill for every £120RV your assessment is below £12,000 RV. These increases in relief will be published later in the month.
