Business rates - exemptions and reliefs
Property values normally change a good deal between each revaluation. Transitional arrangements phase in the changes so that businesses do not face a huge increase in their bills. For example in 2006 your bill could not rise by more than 17.5% if you ran a large business or 7.5% for a small business.
The Government introduced a scheme from 1 April 2005 that gave small businesses a reduction of up to 50% in the amount of business rates they paid. All other ratepayers pay for the cost of this relief. The non-domestic rating multiplier this year includes a supplement of 0.4% which is calculated on your 2009/10 annual bill to help fund the small business rate relief.
Transitional limits apply if, in any year, the amount you would have to pay (based on your rateable value times the small business multiplier) is higher than the previous year's bill (based on the amount due on 31 March) by more than the amounts shown below. If this is the case, your bill will be increased by these amounts.
|Large property (all others)|
Any transitional adjustments will be shown on the front of your bill.