Small Business Rates Relief (SBRR) came into effect from 1st April 2005 and can have a significant impact on non domestic rates charges. Details of the scheme are as follows:

 

A scheme to grant rate relief to small businesses.

 

A business which occupies only one property and that property has a rateable value of less than £15,000.

 

Relief may still be awarded if a business has more than one property provided that.

The small business rate relief scheme is funded through a supplement on the rate bills of those businesses not eligible for the relief. The supplement is built into the standard non-domestic rating multiplier. A lower small business non-domestic rating multiplier is used to calculate the bills for ratepayers who are eligible for relief.

 

Relief of 50% of the rates payable is available for ratepayers occupying single business properties with a rateable value up to and including £5,000. The percentage of relief reduces on a sliding scale, according to the rateable value of the property, until it is 0% for properties with a rateable value of £10,000.

 

Eligible ratepayers of business properties with rateable values between £10,000 and £14,999 do not get a percentage reduction in their bills but do still have their bills calculated using the lower small business non-domestic rating multiplier.

 

Applications need to be made on the relevant form, which can be obtained from the Council.

 

Currently, applications are for the period 1 April 2007 to 31 March 2010. Any application received up to 30 September 2010 can be backdated to 1 April 2007 provided the ratepayer meets the criteria for that period.

 

From 1 April 2010, one application will be required for the period 1 April 2010 to 31 March 2015.

 

 

Business Rates Service
Walsall Council
PO Box 23
Walsall
WS1 1TW

Enquiry line 0845 111 2853
Payment line 0845 111 2854 (24 hours)
Fax 01922 723337

Email businessrates@walsall.gov.uk

By texbox - for deaf or speech impaired users, access texbox or textphone on 0845 111 2910