BID Businesses – Save up to £1000 on your Business Rates!

The Government announced in the Autumn Statement on 5th December 2013 that it will provide a relief of up to £1,000 to all occupied retail properties with a rateable value of £50,000 or less for the years 2014-15 and 2015-16.

Properties that will benefit from the relief will be occupied hereditaments with a **rateable value of £50,000 or less**, that are wholly or mainly being used as **shops, restaurants, cafes and drinking establishments**.

To qualify for the relief the hereditament should be wholly or mainly being used as a shop, restaurant, cafe or drinking establishment. In a similar way to other reliefs (such as charity relief), this is a test on use rather than occupation. Therefore, hereditaments which are occupied but not wholly or mainly used for the qualifying purpose will not qualify for the relief.

The total amount of government-funded relief available for each property for each of the years under this scheme is **£1,000**. The amount does not vary with rateable value and there is no taper. There is no relief available under this scheme for properties with a rateable value of more than £50,000.

Ratepayers that occupy more than one property will be entitled to relief for each of their eligible properties, subject to State Aid de minimis limits.

[Download the application form](/uploads/files/Application-for-Retail-Relief.pdf) and submit to:

*REVENUES
Surrey Heath Borough Council*

*Surrey Heath House*

*Knoll Road*

*Camberley*

*GU15 3HD*

Don’t miss out!