Rate relief schemes for small business - Revision history

Editor at 15:42, 18 August 2021

2021-08-18T15:42:29Z

← Older revision		Revision as of 15:42, 18 August 2021
Line 35:		Line 35:
	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

		+	* Business Asset Disposal Relief BADR.
	* Business rates.		* Business rates.
	* Office of Tax Simplification OTS.		* Office of Tax Simplification OTS.

Editor at 14:15, 18 August 2021

2021-08-18T14:15:23Z

← Older revision		Revision as of 14:15, 18 August 2021
Line 36:		Line 36:

	* Business rates.		* Business rates.
		+	* Office of Tax Simplification OTS.
	* Staircase tax.		* Staircase tax.
	* The pros and cons of buying or leasing a property for your small business.		* The pros and cons of buying or leasing a property for your small business.

	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Policy]] [[Category:Taxation]] [[Category:Cost_/_business_planning]]		[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Policy]] [[Category:Taxation]] [[Category:Cost_/_business_planning]]

Designing Buildings at 08:14, 2 December 2020

2020-12-02T08:14:42Z

← Older revision		Revision as of 08:14, 2 December 2020
Line 39:		Line 39:
	* The pros and cons of buying or leasing a property for your small business.		* The pros and cons of buying or leasing a property for your small business.

−	[[Category:Taxation]] [[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Policy]] [[Category:Taxation]] [[Category:Cost_/_business_planning]]

Designing Buildings at 10:44, 15 March 2020

2020-03-15T10:44:46Z

← Older revision		Revision as of 10:44, 15 March 2020
Line 33:		Line 33:
	* Registered child care premises with rateable value £9,001 - £12,000 in receipt of 50% relief.		* Registered child care premises with rateable value £9,001 - £12,000 in receipt of 50% relief.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Business rates.		* Business rates.

Editor at 16:00, 4 September 2018

2018-09-04T16:00:25Z

Editor at 17:06, 31 January 2018

2018-01-31T17:06:16Z

← Older revision		Revision as of 17:06, 31 January 2018
Line 1:		Line 1:
−
	= Small business rate relief =		= Small business rate relief =

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	You will be eligible for small business rate relief if your rateable value is below certain levels:		You will be eligible for small business rate relief if your rateable value is below certain levels:
−	*If you have business premises with a 2010 rateable value up to £2,400 (except beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by ~~'''~~50 per cent~~'''~~.	+
−	*If you have business premises with a 2010 rateable value between £2,401 and £7,800 (excluding beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by ~~'''~~25 per cent~~'''~~.	+	* If you have business premises with a 2010 rateable value up to £2,400 (except beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by 50 per cent.
−	*If you have a post office with a 2010 rateable value up to £9,000, your bill will be reduced by ~~'''~~100 per cent~~'''~~.	+	* If you have business premises with a 2010 rateable value between £2,401 and £7,800 (excluding beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by 25 per cent.
−	*If you have a post office with a 2010 rateable value between £9,001 and £12,000, your bill will be reduced by ~~'''~~50 per cent~~'''~~.	+	* If you have a post office with a 2010 rateable value up to £9,000, your bill will be reduced by 100 per cent.
−	*If you have registered child-care premises with a 2010 rateable value up to £12,000, your bill will be reduced by ~~'''~~50 per cent~~'''~~.	+	* If you have a post office with a 2010 rateable value between £9,001 and £12,000, your bill will be reduced by 50 per cent.
−	*If you have retail premises with a 2010 rateable value between £7,801 and £11,000 (including restaurants, pubs and petrol filling stations), your bill will be reduced by ~~'''~~25 per cent~~'''~~. If you occupy more than one property, only one can be chosen to receive relief.	+	* If you have registered child-care premises with a 2010 rateable value up to £12,000, your bill will be reduced by 50 per cent.
−	*If you have a property occupied by a registered Credit Union with a 2010 rateable value up to £9,000, your bill will be reduced by ~~'''~~50 per cent~~'''~~.	+	* If you have retail premises with a 2010 rateable value between £7,801 and £11,000 (including restaurants, pubs and petrol filling stations), your bill will be reduced by 25 per cent. If you occupy more than one property, only one can be chosen to receive relief.
		+	* If you have a property occupied by a registered Credit Union with a 2010 rateable value up to £9,000, your bill will be reduced by 50 per cent.

	There are a small number of instances where businesses received a higher rate of relief under the scheme operating before 1 October 2010 than under the current scheme - in these instances they will receive the rate of relief that is most beneficial to them.		There are a small number of instances where businesses received a higher rate of relief under the scheme operating before 1 October 2010 than under the current scheme - in these instances they will receive the rate of relief that is most beneficial to them.

	The following will not be affected by the temporary changes:		The following will not be affected by the temporary changes:
−	*Premises with rateable value between £10,501 and £11,000 in receipt of 25 per cent retail relief.	+
−	*Post offices in receipt of 100 per cent or 50 per cent relief.	+	* Premises with rateable value between £10,501 and £11,000 in receipt of 25 per cent retail relief.
−	*Registered child care premises with rateable value £9,001 - £12,000 in receipt of 50 per cent relief.	+	* Post offices in receipt of 100 per cent or 50 per cent relief.
		+	* Registered child care premises with rateable value £9,001 - £12,000 in receipt of 50 per cent relief.

	= Find out more =		= Find out more =

	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
−	*Business rates.

−	[[Category:Taxation]]	+	* Business rates.
−	[[Category:Cost_/_business_planning]]	+	* Staircase tax.
		+
		+	[[Category:Taxation]] [[Category:Cost_/_business_planning]]

Designing Buildings: moved Rate relief schemes to Rate relief schemes for small business

2014-06-05T06:54:35Z

moved Rate relief schemes to Rate relief schemes for small business

← Older revision

Revision as of 06:54, 5 June 2014

Designing Buildings at 11:21, 14 February 2013

2013-02-14T11:21:37Z

← Older revision		Revision as of 11:21, 14 February 2013
Line 1:		Line 1:
−	~~'''~~Small business rate relief~~'''~~	+
		+	= Small business rate relief =

	You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable value below £12,000.		You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable value below £12,000.
Line 13:		Line 14:
	The Government has also simplified the process for claiming the relief by removing the legal requirement for an application form in order to claim the relief. However, if you are not receiving the relief and you think that you are eligible, you should contact your local billing authority.		The Government has also simplified the process for claiming the relief by removing the legal requirement for an application form in order to claim the relief. However, if you are not receiving the relief and you think that you are eligible, you should contact your local billing authority.

−	~~'''~~Small business rate relief in Wales~~'''~~	+	= Small business rate relief in Wales =

	You will be eligible for small business rate relief if your rateable value is below certain levels:		You will be eligible for small business rate relief if your rateable value is below certain levels:
−
	*If you have business premises with a 2010 rateable value up to £2,400 (except beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by '''50 per cent'''.		*If you have business premises with a 2010 rateable value up to £2,400 (except beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by '''50 per cent'''.
	*If you have business premises with a 2010 rateable value between £2,401 and £7,800 (excluding beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by '''25 per cent'''.		*If you have business premises with a 2010 rateable value between £2,401 and £7,800 (excluding beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by '''25 per cent'''.
Line 28:		Line 28:

	The following will not be affected by the temporary changes:		The following will not be affected by the temporary changes:
−
	*Premises with rateable value between £10,501 and £11,000 in receipt of 25 per cent retail relief.		*Premises with rateable value between £10,501 and £11,000 in receipt of 25 per cent retail relief.
	*Post offices in receipt of 100 per cent or 50 per cent relief.		*Post offices in receipt of 100 per cent or 50 per cent relief.
	*Registered child care premises with rateable value £9,001 - £12,000 in receipt of 50 per cent relief.		*Registered child care premises with rateable value £9,001 - £12,000 in receipt of 50 per cent relief.

−	~~----~~	+	= Find out more =
−		+
−	= ~~See also~~ =	+

		+	=== Related articles on Designing Buildings Wiki ===
	*Business rates.		*Business rates.

	[[Category:Taxation]]		[[Category:Taxation]]
	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]

Designing Buildings at 13:32, 20 July 2012

2012-07-20T13:32:06Z

Martincantor: Created page with "'''Small business rate relief''' You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable..."

2012-07-20T11:02:44Z

Created page with "'''Small business rate relief''' You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable..."

New page

'''Small business rate relief'''

You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable value below £12,000.<br/>

The Government has temporarily doubled the level of relief available. Between 1 October 2010 and 31 March 2013, eligible ratepayers will receive small business rate relief at 100 per cent on properties up to £6,000 (rather than 50 per cent), and a tapering relief from 100 per cent to 0 per cent for properties up to £12,000 in rateable value for that period.

The temporary Small Business Rate Relief increase will therefore apply throughout the whole of the 2012-13 billing year (until 31 March 2013). The relief was originally doubled by the government until September 2011, but this was extended by the Budget in March 2011, and then extended again in the 2011 Autumn Statement to take account of economic conditions.

If you have more than one business property, the discount is only available if the rateable value of each of the other properties is below £2,600. If this is the case, the rateable values of all the properties will be combined and the relief is applied to the main property based on the total rateable value.

However, if you occupy a property with a rateable value below £18,000 (£25,500 in London) and you are not receiving a different mandatory relief, you will be eligible to have your bill calculated using the small business multiplier, regardless of the number of properties you occupy.

The Government has also simplified the process for claiming the relief by removing the legal requirement for an application form in order to claim the relief. However, if you are not receiving the relief and you think that you are eligible, you should contact your local billing authority.

'''Small business rate relief in Wales'''

You will be eligible for small business rate relief if your rateable value is below certain levels:

*If you have business premises with a 2010 rateable value up to £2,400 (except beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by '''50 per cent'''.
*If you have business premises with a 2010 rateable value between £2,401 and £7,800 (excluding beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by '''25 per cent'''.
*If you have a post office with a 2010 rateable value up to £9,000, your bill will be reduced by '''100 per cent'''.
*If you have a post office with a 2010 rateable value between £9,001 and £12,000, your bill will be reduced by '''50 per cent'''.
*If you have registered child-care premises with a 2010 rateable value up to £12,000, your bill will be reduced by '''50 per cent'''.
*If you have retail premises with a 2010 rateable value between £7,801 and £11,000 (including restaurants, pubs and petrol filling stations), your bill will be reduced by '''25 per cent'''. If you occupy more than one property, only one can be chosen to receive relief.
*If you have a property occupied by a registered Credit Union with a 2010 rateable value up to £9,000, your bill will be reduced by '''50 per cent'''.

Between 1 October 2010 and 31 March 2013, eligible ratepayers will receive small business rate relief at 100 per cent on properties up to £6,000 (rather than 50 per cent), and a tapering relief from 100 per cent to 0 per cent for properties up to £12,000 in rateable value for that period.

There are a small number of instances where businesses received a higher rate of relief under the scheme operating before 1 October 2010 than under the current scheme - in these instances they will receive the rate of relief that is most beneficial to them.

The following will not be affected by the temporary changes:

*premises with rateable value between £10,501 and £11,000 in receipt of 25 per cent retail relief
*post offices in receipt of 100 per cent or 50 per cent relief
*registered child care premises with rateable value £9,001 - £12,000 in receipt of 50 per cent relief

[[Category:Cost_/_business_planning]]

← Older revision		Revision as of 16:00, 4 September 2018
Line 3:		Line 3:
	You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable value below £12,000.		You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable value below £12,000.

−	The Government has temporarily doubled the level of relief available. Between 1 October 2010 and 31 March 2013, eligible rate payers will receive small business rate relief at 100 ~~per cent~~ on properties up to £6,000 (rather than 50 ~~per cent~~), and a tapering relief from 100 ~~per cent~~ to 0 ~~per cent~~ for properties up to £12,000 in rateable value for that period.	+	The Government has temporarily doubled the level of relief available. Between 1 October 2010 and 31 March 2013, eligible rate payers will receive small business rate relief at 100% on properties up to £6,000 (rather than 50%), and a tapering relief from 100% to 0% for properties up to £12,000 in rateable value for that period.

	The temporary Small Business Rate Relief increase will therefore apply throughout the whole of the 2012-13 billing year. The relief was originally doubled by the government until September 2011, but this was extended by the Budget in March 2011, and then extended again in the 2011 Autumn Statement to take account of economic conditions.		The temporary Small Business Rate Relief increase will therefore apply throughout the whole of the 2012-13 billing year. The relief was originally doubled by the government until September 2011, but this was extended by the Budget in March 2011, and then extended again in the 2011 Autumn Statement to take account of economic conditions.
Line 11:		Line 11:
	However, if you occupy a property with a rateable value below £18,000 (£25,500 in London), and you are not receiving a different mandatory relief, you will be eligible to have your bill calculated using the small business multiplier, regardless of the number of properties you occupy.		However, if you occupy a property with a rateable value below £18,000 (£25,500 in London), and you are not receiving a different mandatory relief, you will be eligible to have your bill calculated using the small business multiplier, regardless of the number of properties you occupy.

−	The ~~Government~~ has also simplified the process for claiming the relief by removing the legal requirement for an application form in order to claim the relief. However, if you are not receiving the relief and you think that you are eligible, you should contact your local billing authority.	+	The government has also simplified the process for claiming the relief by removing the legal requirement for an application form in order to claim the relief. However, if you are not receiving the relief and you think that you are eligible, you should contact your local billing authority.

	= Small business rate relief in Wales =		= Small business rate relief in Wales =
Line 17:		Line 17:
	You will be eligible for small business rate relief if your rateable value is below certain levels:		You will be eligible for small business rate relief if your rateable value is below certain levels:

−	* If you have business premises with a 2010 rateable value up to £2,400 (except beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by 50 ~~per cent~~.	+	* If you have business premises with a 2010 rateable value up to £2,400 (except beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by 50%.
−	* If you have business premises with a 2010 rateable value between £2,401 and £7,800 (excluding beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by 25 ~~per cent~~.	+	* If you have business premises with a 2010 rateable value between £2,401 and £7,800 (excluding beach huts, adverts or car park spaces, sewage works or communication sites), your bill will be reduced by 25%.
−	* If you have a post office with a 2010 rateable value up to £9,000, your bill will be reduced by 100 ~~per cent~~.	+	* If you have a post office with a 2010 rateable value up to £9,000, your bill will be reduced by 100%.
−	* If you have a post office with a 2010 rateable value between £9,001 and £12,000, your bill will be reduced by 50 ~~per cent~~.	+	* If you have a post office with a 2010 rateable value between £9,001 and £12,000, your bill will be reduced by 50%.
−	* If you have registered child-care premises with a 2010 rateable value up to £12,000, your bill will be reduced by 50 ~~per cent~~.	+	* If you have registered child-care premises with a 2010 rateable value up to £12,000, your bill will be reduced by 50%.
−	* If you have retail premises with a 2010 rateable value between £7,801 and £11,000 (including restaurants, pubs and petrol filling stations), your bill will be reduced by 25 ~~per cent~~. If you occupy more than one property, only one can be chosen to receive relief.	+	* If you have retail premises with a 2010 rateable value between £7,801 and £11,000 (including restaurants, pubs and petrol filling stations), your bill will be reduced by 25%. If you occupy more than one property, only one can be chosen to receive relief.
−	* If you have a property occupied by a registered Credit Union with a 2010 rateable value up to £9,000, your bill will be reduced by 50 ~~per cent~~.	+	* If you have a property occupied by a registered Credit Union with a 2010 rateable value up to £9,000, your bill will be reduced by 50%.

	There are a small number of instances where businesses received a higher rate of relief under the scheme operating before 1 October 2010 than under the current scheme - in these instances they will receive the rate of relief that is most beneficial to them.		There are a small number of instances where businesses received a higher rate of relief under the scheme operating before 1 October 2010 than under the current scheme - in these instances they will receive the rate of relief that is most beneficial to them.
Line 29:		Line 29:
	The following will not be affected by the temporary changes:		The following will not be affected by the temporary changes:

−	* Premises with rateable value between £10,501 and £11,000 in receipt of 25 ~~per cent~~ retail relief.	+	* Premises with rateable value between £10,501 and £11,000 in receipt of 25% retail relief.
−	* Post offices in receipt of 100 ~~per cent~~ or 50 ~~per cent~~ relief.	+	* Post offices in receipt of 100% or 50% relief.
−	* Registered child care premises with rateable value £9,001 - £12,000 in receipt of 50 ~~per cent~~ relief.	+	* Registered child care premises with rateable value £9,001 - £12,000 in receipt of 50% relief.

	= Find out more =		= Find out more =
Line 39:		Line 39:
	* Business rates.		* Business rates.
	* Staircase tax.		* Staircase tax.
		+	* The pros and cons of buying or leasing a property for your small business.

	[[Category:Taxation]] [[Category:Cost_/_business_planning]]		[[Category:Taxation]] [[Category:Cost_/_business_planning]]

← Older revision		Revision as of 13:32, 20 July 2012
Line 1:		Line 1:
	'''Small business rate relief'''		'''Small business rate relief'''

−	You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable value below £12,000.~~<br/>~~	+	You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property and it has a rateable value below £12,000.

−	The Government has temporarily doubled the level of relief available. Between 1 October 2010 and 31 March 2013, eligible ~~ratepayers~~ will receive small business rate relief at 100 per cent on properties up to £6,000 (rather than 50 per cent), and a tapering relief from 100 per cent to 0 per cent for properties up to £12,000 in rateable value for that period.	+	The Government has temporarily doubled the level of relief available. Between 1 October 2010 and 31 March 2013, eligible rate payers will receive small business rate relief at 100 per cent on properties up to £6,000 (rather than 50 per cent), and a tapering relief from 100 per cent to 0 per cent for properties up to £12,000 in rateable value for that period.

−	The temporary Small Business Rate Relief increase will therefore apply throughout the whole of the 2012-13 billing year ~~(until 31 March 2013)~~. The relief was originally doubled by the government until September 2011, but this was extended by the Budget in March 2011, and then extended again in the 2011 Autumn Statement to take account of economic conditions.	+	The temporary Small Business Rate Relief increase will therefore apply throughout the whole of the 2012-13 billing year. The relief was originally doubled by the government until September 2011, but this was extended by the Budget in March 2011, and then extended again in the 2011 Autumn Statement to take account of economic conditions.

	If you have more than one business property, the discount is only available if the rateable value of each of the other properties is below £2,600. If this is the case, the rateable values of all the properties will be combined and the relief is applied to the main property based on the total rateable value.		If you have more than one business property, the discount is only available if the rateable value of each of the other properties is below £2,600. If this is the case, the rateable values of all the properties will be combined and the relief is applied to the main property based on the total rateable value.

−	However, if you occupy a property with a rateable value below £18,000 (£25,500 in London) and you are not receiving a different mandatory relief, you will be eligible to have your bill calculated using the small business multiplier, regardless of the number of properties you occupy.	+	However, if you occupy a property with a rateable value below £18,000 (£25,500 in London), and you are not receiving a different mandatory relief, you will be eligible to have your bill calculated using the small business multiplier, regardless of the number of properties you occupy.

−	The Government has also simplified the process for claiming the relief by removing the legal requirement for an application form in order to claim the relief. However, if you are not receiving the relief and you think that you are eligible, you should contact your local billing authority.	+	The Government has also simplified the process for claiming the relief by removing the legal requirement for an application form in order to claim the relief. However, if you are not receiving the relief and you think that you are eligible, you should contact your local billing authority.

	'''Small business rate relief in Wales'''		'''Small business rate relief in Wales'''
Line 24:		Line 24:
	*If you have retail premises with a 2010 rateable value between £7,801 and £11,000 (including restaurants, pubs and petrol filling stations), your bill will be reduced by '''25 per cent'''. If you occupy more than one property, only one can be chosen to receive relief.		*If you have retail premises with a 2010 rateable value between £7,801 and £11,000 (including restaurants, pubs and petrol filling stations), your bill will be reduced by '''25 per cent'''. If you occupy more than one property, only one can be chosen to receive relief.
	*If you have a property occupied by a registered Credit Union with a 2010 rateable value up to £9,000, your bill will be reduced by '''50 per cent'''.		*If you have a property occupied by a registered Credit Union with a 2010 rateable value up to £9,000, your bill will be reduced by '''50 per cent'''.
−
−	Between 1 October 2010 and 31 March 2013, eligible ratepayers will receive small business rate relief at 100 per cent on properties up to £6,000 (rather than 50 per cent), and a tapering relief from 100 per cent to 0 per cent for properties up to £12,000 in rateable value for that period.

	There are a small number of instances where businesses received a higher rate of relief under the scheme operating before 1 October 2010 than under the current scheme - in these instances they will receive the rate of relief that is most beneficial to them.		There are a small number of instances where businesses received a higher rate of relief under the scheme operating before 1 October 2010 than under the current scheme - in these instances they will receive the rate of relief that is most beneficial to them.
Line 31:		Line 29:
	The following will not be affected by the temporary changes:		The following will not be affected by the temporary changes:

−	*~~premises~~ with rateable value between £10,501 and £11,000 in receipt of 25 per cent retail relief	+	*Premises with rateable value between £10,501 and £11,000 in receipt of 25 per cent retail relief.
−	*~~post~~ offices in receipt of 100 per cent or 50 per cent relief	+	*Post offices in receipt of 100 per cent or 50 per cent relief.
−	*~~registered~~ child care premises with rateable value £9,001 - £12,000 in receipt of 50 per cent relief	+	*Registered child care premises with rateable value £9,001 - £12,000 in receipt of 50 per cent relief.
		+
		+	----
		+
		+	= See also =
		+
		+	*Business rates.

		+	[[Category:Taxation]]
	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]