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Small business rate relief - temporary increase
Last updated: 07 June 2011 08:56 UKIncrease in level of small business rate relief (SBRR)
The Government has introduced a temporary increase to the level of small business rate relief available to eligble businesses. This change came into effect on 1 October 2010 for one year and has now been extended for a further year.
Eligible ratepayers will receive relief at 100 per cent on properties with rateable values up to £6,000 with a tapered relief of between 100 per cent and 0 per cent for properties with rateable values between £6,001 and £12,000. The new levels of relief will be available for 24 months from 1 October 2010 to 30 September 2012. There are no other adjustments to the scheme. The eligibility criteria will remain the same.
For further information please contact the local taxation office.
