Rate relief for Craven businesses?

Settle Market Place

2:26pm 9th October 2017
(Updated 2:38pm 9th October 2017)

There could be help on the way for businesses in Craven which are facing increases in their rates.

The Government's Valuation Office Agency recently completed a revaluation of all non-domestic properties and new rateable values came into effect from 1 April.

In response, Craven District Council has drawn up plans for a discretionary relief scheme, which will help around 240 businesses in the district, and is asking for comments on the proposals from businesses and the general public.

Councillor Patrick Mulligan, Lead Member for Financial Resilience, said: "We have produced a scheme which we believe will help those local businesses facing the steepest increases in their business rates bills as a result of the revaluation.

"There is an additional provision for charities run entirely by volunteers that are considered to be the most hard-pressed financially and those that have had a reduction in rural relief. We welcome feedback on these proposals, so if you have a view, please let us know."

The Government has made £300 million available nationally over four years to support those businesses which face the highest increases in their business rates bills as a result of the revaluation.

Craven's share is £166,000 in 2017/18, £81,000 in 2018/19, £33,000 in 2019/20 and £5,000 in 2020/21.

The Government has made it clear that any relief awarded should only support smaller ratepayers who are facing an increase in their bills following the revaluation.

Craven District Council's proposals include providing relief to businesses with a maximum 2017 rateable value of £100,000, which have had an increase of at least £150 in their rate liability.

The plans also suggest a maximum relief amount of £1,000.

Charities run entirely by volunteers in Craven would be awarded enough relief to ensure they pay no business rates.

There are a number of other support schemes available for different businesses.

The Support for Pubs scheme will provide for a £1,000 discount for properties, with a rateable value under £100,000 in 2017/18, whilst the Supporting Small Businesses Relief scheme will support ratepayers who have lost some or all of their Small Business Rate Relief or Rural Rate Relief.

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