Small Business Rate ReliefFrom April 1st 2007, the Welsh Assembly Government is replacing the existing Rural Rate Relief Scheme, with a Small Business Rate Relief Scheme. The new scheme is part of the Assembly’s policy to assist businesses in the most deprived areas of Wales, and under the proposals, businesses with:
- A rateable value under £2000 will receive 50% rate relief
- A rateable value between £2001 and £5000 will receive 25% rate relief
In addition, Post Offices with:
- A rateable value under £9000 will receive 100% rate relief
- A rateable value between £9001 and £12000 will receive 50% rate relief
No applications are required, and qualifying businesses will receive this award automatically, with reductions shown on the 2007/8 Business Rates demands issued in March 2007.For further information please contact the Business Rates section on 01685 725239
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