Bracknell Forest Borough Council Application For Small Business Rate Relief (Page 2 of 2) in pdf

Bracknell Forest Borough Council Application For Small Business Rate Relief Page 2

Notes for Small Business Rate Relief

Small Business Rate Relief is available to ratepayers, meeting the criteria below, who occupy

non-domestic property with a rateable value of up to £17,999.

If an application for relief is granted, provided the ratepayer's circumstances do not change,

the application will not need to be renewed until the next revaluation of non-domestic

premises. Certain changes in circumstances will need to be notified to the local authority by

the ratepayer. The changes which must be notified are-

(a) the ratepayer taking up occupation of a property they did not occupy at the time of

making their application for relief, and

(b) an increase in the rateable value of a property occupied by the ratepayer in an area

other than the area of the local authority which granted the relief.

Notification of these changes must be given to the local authority within 4 weeks of the day

after the day the change happened. If this happens, there will be no interruption to the

ratepayers entitlement to the relief. A notification that the ratepayer has taken up occupation

of an additional property must be by way of a fresh application for relief; notice of an increase

in rateable value must be given in writing.

Amount of relief

Rateable Value

Up to £5,999

100% relief

£6,000 to £11,999

Sliding scale relief, calculated using Small Business multiplier

£12,000 to £17,999

The Small Business multiplier is appllied to all occupied premises

with a Rateable Value below £18,000

Qualifying Criteria

The relief is only available to ratepayers with either-

a) one property, or

b) one main property and other additional properties providing those additional properties

have rateable values less than £2,600 and the aggregate value of all the properties is

under £18,000.

Bracknell Forest Borough Council Application For Small Business Rate Relief Page 2