Business rates - reductions

In England, two Multipliers have been set since the passing of the Local Government Act 2003.

First the Small Business Multiplier is set followed by the Standard Multiplier.

The Standard Multiplier must be set taking into account the loss of revenue resulting from the existence of the Small Business Multiplier.

 At the same time the Small Business Rate Relief scheme was introduced in England.

Details of the small business rate relief scheme are shown on the form: SBRR Application, which can be completed and submitted to revenue.enquiries@corby.gov.uk

If you become ineligible for the relief, you must notify the Authority (Corby Borough Council).

If the rateable value of your business premises changes at revaluation, the Valuation Agency (VOA) will notify you and the Council will adjust the relief accordingly.

Unoccupied Properties

Since 1 April 2008, empty business properties have been exempted from Business Rates for the first three months that they are empty. Industrial and warehouse properties qualify for a further three months' exemption from Business Rates. After that, full Business Rates are normally payable.

From 01 April 2017, unoccupied properties with a rateable value threshold of £2900 will remain exempt.

‘If you think you are qualify for Retail Rate Relief, please complete the application form and email it to revenue.enquiries@corby.gov.uk

Other Reliefs

  • Charities and community amateur sports clubs can get their Business Rates bills reduced by 80 per cent.
  • Other non-profit organisations can apply for Discretionary Relief.
  • Certain rural businesses, such as village shops and petrol stations, may be able to claim Relief.

You may be able to get Hardship Relief if you are finding it difficult to pay. This is normally only available to businesses that are important to the local community.

If you think you may be eligible for Discretionary Rate Relief, please read the following guidelines

Discretionary Relief Guidelines April 2018

Letters of application, along with accounts should be submitted to revenue.enquiries@corby.gov.uk.

Please contact us for more information and to claim reliefs.

Please Also see link https://www.gov.uk/

Last updated: Thursday 4th October 2018 01:44:14 PM
Review date: Sunday 29th September 2019 01:43:52 PM