Small Business Rates Relief (SBRR) in 2010

The Department for Communities and Local Government have confirmed the arrangements for Small Business Rates Relief scheme (SBRR) in the 2010 Revaluation.

Currently on the 2005 Rating List if you have 1 property with a Rateable Value below £10,000 you are entitled to SBRR.  The level of SBRR is levied at 1% off your rates bill for every whole £100 RV below £10,000.  This relief extends until the Ratepayer reaches 50% off his bill when his RV is £5000 or below.

From next year in the 2010 Rating List this limit has been increased to £12,000 RV.  For every whole £120 RV below £12,000 you will receive 1% off your rates bill.  The maximum relief is 50% off when you reach £6,000 RV.

All Ratepayers that think they qualify must apply in writing to their local authority again after 1 April 2010.  The Government do not expect you to make annual applications but for the first year in a Revaluation you must apply.

Businessrates.com can appeal and reduce your Rateable Value, no savings – no fee.

We can also provide advice to reduce your non-domestic rates bill by reviewing a range of reliefs on your current rates bill, comprising rural rate relief, community and amateur sports club relief, charitable relief, hardship relief and empty rates relief.

Contact Simon Moffatt for more advice (moffatt@bmh.co.uk)