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Revaluation Business Rates Relief

Revaluation relief is aimed at businesses facing large increases in their rates bill due to the revaluation of their property from 1 April 2017. The operation of the scheme is determined locally. Our scheme compares the net rates bill for 2016-2017 to the net rates bill for 2017-2018. Read more on the Revaluation of Business Rates Relief.

Revaluation Business Rates Relief Scheme

This is a four year scheme aimed at ratepayers facing substantial increases in their rates bill due to the revaluation of properties for the 2017 Rating List. Eligibility for relief will be established in 2017-2018 and relief for the subsequent three years will only be available to those properties receiving relief at 31 March in the previous financial year. Relief will not be awarded for any period after 31 March 2021.

To be eligible for relief, all of the following six conditions must be met:

  1. The property must have a rateable value of between £20,000 and £200,000.
  2. The property must be occupied and have been occupied at 31 March 2017.
  3. The rates bill must have increased when comparing the net daily liability at 31 March 2017 with the net daily liability at 1 April 2017 by:
    • At least 7.5% for properties with a rateable value of between £20,000 and £99,999;or
    • At least 15% for properties with a rateable value of between £100,000 and £200,000.
  4. The property must not be occupied by a precepting body or other publicly funded organisation.
  5. The ratepayer must not be a Charity or other organisation receiving mandatory rate relief.
  6. The premises are not occupied by a business with multiple premises on a national or regional basis.

Amount of Relief

In 2017-2018, relief will be awarded at 100% of the amount above the 7.5% or 15% increase referred to above. In subsequent years, the amount of relief awarded will be:

  • 2018-2019: 50% of the relief awarded in 2017-2018;
  • 2019-2020: 20% of the relief awarded in 2017-2018;
  • 2020-2021: 2.5% of the relief awarded in 2017-2018.

The scheme may be reviewed prior to the end of each financial year if there is unallocated funding remaining.

Application Process

No application will be required for relief, but a ratepayer facing a substantial increase due to the revaluation, that does not fall within the criteria set out, may make an application for relief on the grounds of exceptional circumstances.

Recalculation of Relief

In the event that the rateable value of the property increases (with an effective date after 1 April 2018), no additional relief will be awarded.

Reductions in rateable value will result in a re-calculation of relief.

Ending of Relief

Relief will cease if:

  • The premises become vacant; or
  • The rateable value reduces to below £20,000 (from the date the Rateable value reduces).

Appeals

Any appeal under this scheme will be heard by the Human Resources and Appeals Committee.