The Non Domestic Rating (Small Business Rate Relief) Amendment Order came into force on 11 February 2013 and it extends the temporary increase in the level of small business rate relief in England for a further year, until 31 March 2014. It does not however change the eligibility criteria for the increased relief.
The increased relief was initially introduced for one year form 1 October 2010 to 30 September 2011. It provides for 100% relief for eligible businesses occupying premises with a rateable value of not more than £6000. There is tapered relief form 100% to 0% for properties with a rateable value between £6,001 and £12,000.
This will see around 350,000 businesses taken out of business rates till April 2014 and over half a million benefiting from the tapered relief.
Holmes & Hills Solicitors has a large team of commercial property solicitors advising commercial property owners and occupiers across the South East and East Anglia.
A Mackman Group collaboration - market research by Mackman Research | website design by Mackman
