Limiting rate increases and reductions for public houses
In the budget in 2017, the Chancellor announced that he would be giving Local Authorities funding to help limit the increases that some businesses were facing following the rate revaluation. Swindon Borough Council has implemented three schemes to assist businesses:
- Supporting Small Businesses - ratepayers who received Small Business Rate Relief or Rural Rate relief in 2016/17 should have annual increases capped at £600 per annum until 2021.
- Rates Reductions for Public Houses - public houses (but not restaurants or nightclubs), can claim a £1,000 rates reduction for 2017/18 if they have a rateable value of less than £100,000.
- Limiting Large Increases – rates increases in 2017/18 on occupied private sector business properties with a rateable value of less than £200,000, will be limited to 12.5% plus inflation compared to the 2016/17 bill (before reliefs). Awards may be limited to £5,000 per annum per property, but each case is considered on its own merit, and in excess of this amount can be granted if the business concerned can demonstrate hardship or particular difficulty paying the increase concerned. Increases in the years 2018/19, 2019/20 and 2020/21 may be limited to 20%, but this is subject to review.
The reliefs are subject to State Aid rules. The Regulations allow an undertaking to receive up to €200,000 of De Minimis aid in a three year period (consisting of the current financial year and the two previous financial years). The Council will ask businesses to confirm that any award made will be within this threshold.
The reliefs, when granted, will be made until the end of the relevant financial year (and so a further full financial year’s notice will not be required to revoke any awards).
If you believe your business should qualify for any of the schemes then please contact the Business Rates team:
Revenues and Benefits
Swindon Borough Council
Tel: 0845 602 0146 (Monday - Thursday 9.00am - 5.00pm, Friday 9.00am - 4.30pm)