Small Business Bonus Scheme Application Form Page 2
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4FALKIRK COUNCIL : SMALL BUSINESS BONUS SCHEME
1.
SMALL BUSINESS BONUS SCHEME
The rateable value thresholds and bandings of the Scheme have been increased to
reflect the 2010 Revaluation. The scheme permits rating authorities to abate at
varying prescribed levels, a ratepayer’s liability where the combined rateable value
of the properties owned/occupied throughout Scotland is £18,000 or less with effect
from 01/04/10. In addition, where the cumulative rateable value of a businesses
properties falls between £18,000 and £35,000, the Scheme will offer 25% relief to
individual properties with a rateable value £18,000 or under.
The exact level of relief therefore depends on:
(i) the total rateable value of all subjects owned or occupied by the ratepayer; and
(ii) whether or not the property is eligible for one of the existing non-discretionary rate
reliefs.
You may wish to visit the following websites for more information:
1. Scottish Government
2. Scottish Assessors Association
3. Falkirk Council
2.
LEVEL OF SMALL BUSINESS BONUS RELIEF
Combined rateable value
Percentage relief available
(RV) of all business
subject to eligibility
properties in Scotland
Up to £10,000
100%
£10,001 to £12,000
50%
£12,001 to £18,000
25%
Upper limit for cumulative
25%
(RV)* £35,000
*This will allow a business with 2 or more properties with a cumulative rateable value of under £35,000 to
qualify for relief at 25% on individual properties with a rateable value of £18,000 or less.
3.
PROVISION OF INFORMATION BY APPLICANTS
If your business has received other public sector assistance in excess of £150,000
(200,000 euros) over a rolling three-year period (the de minimus limit for state
purposes) it is possible you may not qualify for relief under the scheme. This includes
small business rate relief, and local authority grants.
It is the responsibility of the applicant to ensure that the information provided in the
application made for Small Business Bonus Scheme is true and accurate and for this
purpose the applicant authorises the local authority to take such steps as necessary
to verify the claim.
4.
APPLICATIONS
A written application must be made by the Ratepayer in each local authority area in
which your business has a property. If there is a change of occupier a new
application is required for each local authority. Please ensure that you fully
complete both sides, sign, and date the application form.
PROVISION OF FALSE OR INACCURATE INFORMATION MAY LEAD TO
PROSECUTION BY THE AUTHORITY.
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