Business rates - Deferral of payments
You may be able to spread the payment of the increase in your 2009-10 business rates bills over a three year period. An application form will be issued to all current ratepayers at the beginning of August 2009. If you wish to opt into the scheme after this date an application form can be issued to you upon request. The form asks for your name, the address of the property and its reference number (which can be found on your business rates bill). Just complete those details sign the form and return it to us. You do not need to pay anyone to do this for you.
If your bill has increased as a result of the end of the current transitional relief period, you may also able to defer 60% of this increase in your bill. If you do not qualify for transitional relief, you can still defer 3% of your total 2009-10 bill.
You can still apply at any time until 31 March 2010 provided you have some of your bill left to pay. We would encourage you to apply early. If you have less than 3% left to pay, you can defer your remaining balance. You may not qualify for the scheme if you have lost your right to pay by installments and recovery proceedings have already commenced to recover the amount due.
Two examples of what the scheme means in practice are as follows:
EXAMPLE 1 Standard, not in transition in 2008-09,not receiving reliefs in 2009-10 The ratepayer’s 2009-10 bill is £1,000. They can defer 3% of this amount or £30. They therefore only have to pay £970 in 2009-10. £30 would be taken off their remaining 2009-10 instalment payments in equal amounts. The deferred £30 would be repaid £15 in 2010-11 and £15 2011-12 alongside the instalments for those years.
|
Example 2 In transition in 2008-09, not receiving reliefs in 2009-10 The ratepayer's final bill is £1,000. 3% of final bill = £30 Determining the transitional deferral The amount of the transitional relief received for 2008-09 was £365. The ratepayer can defer 60% of this amount or 365 x (60/100) which equals£219 This ratepayer would pay £751 in £2009-10. £249 would be taken off their remaining 2009-10 instalment payments in equal amounts. The deferred £249 would be repaid £124.50 in 2010-11 and £124.50 in 2011-12 alongside the instalments for those years.
|
For further information see the factsheet.
Additional information provided by the government is available on the Communities and Local Government website.
Other help
You can find further details of help available to businesses during the recession at the Real Help Now website
If you have any questions which are not answered above please contact us:
Tel: (01925) 443210
Fax: (01925) 442333
Email: Revenues&Benefits@warrington.gov.uk
Write: Revenues and Benefits Service, PO Box 5, Warrington, WA1 1BN
Last updated 30/12/2009 13:26:58
Bookmark with:
Delicious |
Digg
|
Facebook |
reddit |
StumbleUpon
