Temporary increase in the level of Small Business Rate Relief
The Government introduced a temporary increase in the level of Small Business Rate Relief (SBRR) available to eligible businesses. These changes came into effect in October 2010.
On 24 March 2010, the Chancellor of the Exchequer announced that the Government was to temporarily increase the level of SBRR so that eligible ratepayers would pay no rates on properties with rateable values up to £6,000, with a tapered relief between 100% and 0% for properties with rateable values between £6,001 and £12,000. The new levels of relief were to be available for 12 months from 1 October 2010 to 30 September 2011.
On 23 March 2011, the Chancellor of the Exchequer announced that this temporary increase in the Small Business Rates Relief Scheme will now continue for a further year for the period 1 October 2011 to 30 September 2012.
A further 6 month extension to the scheme until 31 March 2013 was then announced in the 29 November Autumn Statement.
There are no other adjustments to the scheme. For example, the eligibility criteria remain the same (see the Small Business Rates Relief Scheme page for full details of eligibility) . The Government has confirmed that it will meet the costs of the increased levels of relief. There will be no changes to the multiplier so those businesses that do not fall within the eligibility criteria of the scheme will see no change in their bills.
The Government made this change to the SBRR scheme to provide help with the fixed costs of starting and running a small business as the economy starts growing again.
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