Deferral
Scheme 2009
The chancellor
anounced on 31st March a scheme to defer part of the increase
in business rates that businesses will face from 1st April.
The full
details will not be available until July, and ratepayers must
pay the amounts demanded on their bills until the scheme is
active, but the aim is to give ratepayers the option to defer
60% of their increase, thereby reducing the increase from
5% to 2%
This does
not change the multiplier, and it does not change the actual
liability for 2009/10, it simply gives the ratepayer the opportunity
to defer part of the increase in 2009/10 and pay it back in
2010/11 and 2011/12.
Typically,
a business that has premises with an RV of 25,000 will be
able to defer £345.00 of their rate bill and repay it
over the following two years.
For
advice on this and all rating matters please contact
us
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