Budget 8 March 2017
You should now have received your Business Rates for the new financial year 2017/18 based on the new rateable value as a result of the national revaluation.
The bills have been prepared and calculated based on current legislation and so it is important that you make payments as stated on your bill.
If you are going to have difficulty with making the payments you should contact the Business Rates Team as soon as possible to discuss the matter on 01246 345425.
You may have seen that there have been announcements in the budget on the 8 March relating to Business Rates.
At this stage, the full details of how these changes will apply have not been sent to the council and so we will have to wait for more information before we can make any changes to the Business Rates accounts that are affected.
As soon as more information is received from the government we will publish details on the website and work with our software company to prepare amended bills to those ratepayers who are affected by the changes.
We do not yet know whether the reliefs that are mentioned in the budget will require an application or signed statement of some kind, or not. We will work to identify the ratepayers who are affected and either; make contact with you inviting you to make an application (if it is required), or we will issue a revised bill (if an application is not required).
Please note that until such time as an amended bill is sent, you must continue to pay on your current bill to avoid recovery action taking place.
Supporting small business relief scheme
The government have announced that public houses with a rateable value of under £100,000 will receive a one off discount of up to £1000 for the year 2017-18 subject to state aid limits.
In addition, those ratepayers facing large increases in their bill due to the loss of Small Business Rate Relief or Rural Rate Relief will have the increase capped. Please see the guidance notes below for further information.