Trafford Council is encouraging local businesses to get in touch with them if they think they may be entitled to the increased level of Small Business Rate Relief.
From 1 April 2017, the support available for eligible businesses is being increased. This means that those with a rateable value of £12,000 and below will be entitled to 100% relief on their bill. Those with a rateable value of between £12,001 and £14,999 will be entitled to a sliding scale of relief as well as having the bill calculated using the small business rate multiplier.
Deputy Executive Member for Economic Growth, Environment and Infrastructure, Cllr Brian Shaw, said: "Trafford Council is committed to supporting local businesses, which we acknowledge are the mainstay of the Borough's continuing economic prosperity. With business rate bills now landing through doors, we want to make sure that all businesses who may be entitled to this increased level of support take advantage of it.
This is why we are urging businesses to either complete the application form which they will have received or, if they would prefer, get in touch with us so that we can talk them through their individual situation and get advice regarding submitting an application."
The specific criteria for businesses to be eligible for the Small Business Rate Relief are:
- The sole or main property you occupy must have a rateable value of less than £15,000
- If a business occupies additional properties, the rateable values will be taken into consideration on receipt of an application, as they could affect eligibility to claim the relief.
Businesses with a rateable value of between £15,000 and £51,000, while notentitled to a discount within the Small Business Rate Relief, will be paying business rates using the Small Business Rate multiplier which is set at a lower level than the general business rate.
Anyone who does not have an application form can download one from the Council website: www.trafford.gov.uk/SBRRForm
Posted on Thursday 23rd March 2017