IRRV Alert - week ending 16th January 2015

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Guidance: Business rates: extension of transitional relief for small and medium properties

 

 

 

 

 

Guidance

Business rates: extension of transitional relief for small and medium properties

 

Guidance for local authorities about the extension of business rates transitional relief for small and medium properties.

Document

Business rates: extension of transitional relief for small and medium properties

Ref: ISBN 9781409844587 PDF, 333KB, 9 pages

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Detail

The business rates transitional relief scheme was introduced in 2010. The scheme ends on 31 March 2015 and as a result a small number of ratepayers will face a jump to their full rates bill from 1 April 2015.

The government announced in the Autumn Statement that it will extend to March 2017 the current transitional relief scheme for properties with a rateable value up to and including £50,000.

This document provides guidance to local authorities about the provision of that relief.


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