Some businesses may experience a delay in the transitional relief showing on their business rates bill for 2022-2023.
The Government issued guidance in December to cover the extension of transitional relief and supporting small business (SSB) relief for small and medium properties that pay business rates.
Due to a delay in receiving details of this scheme, it has not been possible to develop the software to calculate the amounts owed accurately in time for annual bills to be sent out. These are usually sent out in March each year, and tell businesses how much business rates they have to pay for the next financial year, starting on 1 April.
Therefore, the business rates bill that will be sent to businesses in March will not include the transitional relief.
Businesses affected will be issued with a revised bill, that includes any transitional relief, as soon as it is possible to do so.
In the meantime, we ask customers to please pay in accordance with the bill issued to them until an accurate revision can be sent. This will not result in a ratepayer having to pay more. Any transitional relief will only mean that the bill will be reduced.
Apologies for any inconvenience
We apologise for any inconvenience this may cause.
After careful consideration, it was felt preferable to defer the issue of a bill showing any transitional relief, until the amount could be established with total accuracy.
Transitional Relief and Supporting Small Business Relief
The Transitional Relief scheme was introduced in 2017 to help businesses faced with higher bills because of increased rateable values from the 2017 revaluation.
The scheme was due to end on 31 March 2022, as a result of which a small number of ratepayers would be presented with a significantly increased business rates bill from 1 April 2022.
The scheme will restrict increases in bills:
- To 15% for businesses with small properties up to and including £20,000 rateable value
- To 25% for medium properties up to and including £100,00 rateable value
- GOV.UK guidance – Business rates guidance: Extension of Transitional Relief and Supporting Small Business Relief for small and medium properties
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