Retail discount scheme for small businesses

Updated: Jun 20, 2019




In the Autumn of 2018, the Government announced that it will provide a business rates retail discount scheme for occupied businesses with a rateable value of less than £51,000 in the years 2019/2020 and 2020/2021. Businesses can apply to Test Valley Borough Council as they are not always automatically awarded SBR. The main reason for that is because eligibility for the relief is not just based on the RV being under £15,000. Other factors to consider include whether the business has any other properties and the RV of those.  Relief of 100% is potentially available for business with an RV up to £12,000. It is then tapered for RV between £12,000 and £15,000, at which point the full charge is payable. If you think your business might be applicable to receive this discount but have not received a bill and letter detailing the discount, please contact Test Valley Borough Council:

https://www.testvalley.gov.uk/business/land/business-rates/reliefs/smallbusinessraterelief


Andover Town Centre BID (Business Improvement District) Ltd.

 

Registered Office 38 Bridge St, Andover SP10 1BW

Company Number 11585111

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