The deadline for applications under this scheme
was
31 March 2013 and are therefore no longer
accepted.
The Scheme
The Government put in place a business rates
deferral scheme which gave ratepayers the option of spreading
the Retail Price Index increase in their 2012-13 bill over
three years, to help businesses manage their cash flow during the
downturn. You were able to defer payment of 3.2% of your
2012-13 bill – which is equivalent to 60% of the Retail Price Index
increase - until 2013-14 and 2014-15. You will then pay back
the total amount deferred over those two years.
Click here
for further details of the scheme.
Scheme applications
You can apply at any time until 31
March 2013 provided you have some of your bill left to
pay. We would encourage you to apply early so that you see the
reduction in your monthly instalments sooner. However, you will be
able to defer 3.2% of the whole year’s bill regardless of when you
apply. Provided that you return the application by 9 June 2012 you
will see the reduction in your July instalment. If you apply
later than that date you will see the reduction reflected in your
next instalment or the one after that.
What does this mean to me?
Some examples are detailed below to give you an estimate of
what will be deferred.
|
Annual Charge
|
Deferral Amount
|
|
£3,000.00
|
£96.00
|
|
£5,000.00
|
£160.00
|
|
£10,000.00
|
£320.00
|
|
£25,000.00
|
£800.00
|
|
£50,000.00
|
£1,600.00
|
|
£100,000.00
|
£3,200.00
|
Contact us
If you require any further information regarding the
above please contact us by;
