Small Business Scheme and Transitional Relief Scheme
Extension of Transitional Relief and Supporting Small Business Relief
During the Budget on 27 October 2021, the Government announced a temporary measure to extend the current:
- transitional relief scheme, and
- the supporting small business (SSB) scheme.
The relief will be determined by the rateable value of the property you occupy and the guidance set by Government.
The scheme will restrict increases in bills to 15 per cent for businesses with small properties (up to and including £20,000 rateable value) and 25 per cent for medium properties (up to and including £100,000 rateable value).
Properties that will benefit are those with a rateable value up to and including £100,000 who would have received transitional relief and/or SSB in 2022/23. In line with the existing thresholds in the transitional relief scheme, the £100,000 rateable value threshold should be based on the rateable value shown for 1 April 2017 or the substituted day in the cases of splits and mergers.
This relief has been automatically added the eligible account and will be detailed on your bill. The relief is subject to Subsidy control therefore if you wish to opt out of receiving this relief please complete the letter enclosed with your revised bill.
If you have not had relief and think you are eligible, or for further information, please contact business.rates@cherwell-dc.gov.uk.
View the guidance on the Government website
The relief has now been automatically awarded to those businesses who qualify. Revised bills will be issued end October 2022.