Denbighshire County Council is helping traders find the right support following the business rate revaluation.
The revaluation, which came into effect on April 1, will form the basis of business rate liability for the next five years.
It has been seven years since all non-domestic properties in England and Wales were revalued and the 2017 revaluation was based upon rental levels on April 1, 2015.
The Council will be applying any relief schemes automatically to businesses’ bills where possible as well as informing them of the help available.
Rebecca Maxwell, Denbighshire’s Corporate Director of Economic & Community Ambition, said: “Because 2017 is a revaluation year some businesses may see a large increase or reduction in their Rateable Value from their current valuation. In other cases the values will be broadly static.
“Denbighshire County Council is automatically applying rate relief where it is able to and publishing details on our website and social media for businesses, informing them of what schemes are available.
“It is vital businesses check to see if they may be eligible for a relief scheme and we would encourage any businesses who feel they are, to contact us for help and advice.”
Support from the Welsh Government includes Small Business Rates Relief, which offers a 100 per cent discount for businesses with a Rateable Value below £6,000 and a reducing tapered relief up to £12,000 as well as a Transitional Relief scheme to help protect small businesses from the impact of the revaluation.
A High Street Retail Relief scheme designed to help qualifying high street retailers where the business has had a significant increase in their bill is also available.
Denbighshire County Council collects business rates on behalf on the Welsh Government and then returns the funds to them.
The Council does not set the rates, the rateable value is assessed by the Valuation Office Agency, which is part of HM Revenue and Customs and Welsh Government sets the multiplier on which business rate bills are based.
If you would like the Council to review your eligibility for any of the relief schemes you can contact firstname.lastname@example.org or 01824 706326 or for more information visit www.denbighshire.gov.uk/en/business/business-rates
Posted on Wednesday 5th April 2017