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Government's Autumn Budget 2018

Retail Relief

The Government has announced a new relief scheme for retail properties that have a rateable value of below £51,000. Under the scheme, eligible ratepayers will receive a one third discount of their daily chargeable amount. The definition of retail properties will follow that adopted from the previous retail relief scheme in 2014/15 and 2015/16.

This relief will have effect for 2019/20 and 2020/21 and will be subject to State Aid rules. More details on how to apply will follow in due course.

Public Toilets

The Government also announced intentions to bring forward primary legislation to grant a 100% relief from business rates for all standalone public toilets. Further details on this measure will follow in due course.

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Government’s Spring Budget 2017

The Chancellor of the Exchequer announced three measures in his budget statement on 8 March 2017 to help businesses affected by the revaluation of non-domestic properties, which came into effect on the 1 April 2017.

Key points:

  • Businesses that lost their entitlement to small business rate relief following the revaluation will have the increases in their bills limited to £50 per month in 2017/18. There will also be limits to increases in later years.
  • Eligible pubs will receive £1,000 discount on their bill for 2017/18.
  • Councils have been allocated their share of a fund of £300 million over four years to support businesses that have faced the steepest increases in their rates bills as a result of the revaluation.

These reliefs have now been applied and businesses have been notified accordingly.

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Government's Autumn Statement (November 2016)

Key points:

  • From 01.04.17 qualifying businesses with rateable values below 12,000 will qualify for 100% Small Business Rates Relief.  There will also be “tapered” relief for those with rateable values between 12,000 and 15,000.
  • Transitional Relief caps reduced from 45% to 43% for 2017/18 and from 50% to 32% for 2018/19.
  • Rural Rate Relief to be increased to 100% in certain circumstances.

Contact the Business Rates Team on 01623 457200 for further information.

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Government's Autumn Statement (November 2015)

Key points:

  • The current increase in Small Business Rates Relief will continue until 31.03.17.

  • Retail Rate Relief has NOT been extended and will come to an end on 31.03.16.

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Government's Autumn Statement (December 2014)

Key points:

  • Businesses in certain retail properties with rateable values of less than 50,000 have been able to claim up to £1,000 per annum discount for 2014/15 as long as this does not mean that they will exceed €200,00 in State Aid over a rolling three year.  For 2015/16 this has been increased to £1,500.  For further information please contact businessrates@ashfield.gov.uk.
  • The current increase in Small Business Rates Relief will continue until 31.03.16.
  • The inflation increase for 2015/16 has been capped at 2% (rather than September RPI which was 2.3%)
  • Transitional relief will be extended for properties with rateable values less than 50,000 who would otherwise face large bill increases when the existing scheme ends on 31.03.15.

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Government's Autumn Statement (December 2013)

Key points:

  • From 2014/15 the government is legislating to allow business rate payers to pay their annual liability over 12 instalments rather than 10.  Please contact businessrates@ashfield.gov.uk as soon possible if you wish to take this up.
  • Businesses in certain retail properties with rateable values of less than 50,000 will be able to claim up to £1,000 per annum discount for 2014/15 and 2015/16 as long as this does not mean that they will exceed €200,00 in State Aid over a rolling three year period.  For further information please contact businessrates@ashfield.gov.uk.
  • The current increase in Small Business Rates Relief will continue until 31.03.15.  Also, with effect from 14.02.14, where a business occupies a second property which would usually have resulted in them losing Small Business Rates Relief, they will be able to continue receiving the relief on their original property for 12 months.
  • New occupiers of former retail premises which have been unoccupied for a year will receive a 50% discount for up to 18 months.