Ease the Business Rate Burden

A new deferral Scheme offers the chance to postpone payment of some of your business rates bill for this financial year only and you may also qualify for the Small Business Rates Relief Scheme.

2009/2010 Business rates deferral scheme

You may be able to spread the payment of the increase in your 2009/2010 business rates bills over a three year period.

You can apply at any time until 31st March 2010 provided you have some of your bill left to pay. However, you are advised to apply early.
Contact your local borough council local taxation section to request an application form or to find out more information.

Small Business Rate Relief

If you run a small business further help may be available to pay your business rates bills with Small Business Rate Relief (SBRR). This relief supports small businesses who generally occupy only one business property. The relief is available at 50% for eligible properties up to £5,000 rateable value and relief decreases at the rate of around 1% per £100.00 of rateable value up to 0% at £10,000.

To find out more or to apply for SBRR for the first time, ask your local authority for an application form. Further information can be found at:

www.businesslink.gov.uk.

For further information on saving you business money contact Nottingham Accountants Marshall Smalley on 0115 956 5171 or visit www.marshallsmalley.com