Vickery HolmanVickery Holman

The South West Specialists

Truro t: 01872 245600 Plymouth t: 01752 261811 Exeter t: 01392 203010
SearchSearch Vickery Holman
  • LnConnect on LinkedIn
  • GsJoin us on Google+

What a relief!

Annual bills are due to arrive any day and raise the usual queries and concerns from clients on the level of their bill and any applicable reliefs that have or have not been applied.  Consequently as a rating professional, the phone is often ‘hot’ at this time of year as clients seek further clarification.

On the matter of reliefs, there remains a number of reliefs available to rate payers for the 2014/15 financial year. 

• New built premises - If you have built new premises, the empty property new build measure continues, which delays your liability for rates for potentially up to 18 months. 

• Retail premises – For those with an R.V. of less than £50,000, the discount of up to £1,000 remains for those premises being used as shops, restaurants, cafes or drinking establishments with a discount being available for each property occupied and not just one.  Also for retail premises, the 50% discount continues for retailers occupying premises that have been empty for a year or more.

• Small businesses - there is a further one year extension to the temporary increase in small business rate relief so this will continue to apply for the whole of 2014/15.  There is also provision for qualifying ratepayers to be able to continue to receive SBRR for twelve months after acquiring additional premises which would ordinarily disqualify them from the SBRR scheme.

From April you are also able to pay your rates bill over 12 months, but you need to act fast and write to the Council making the request in order that it can be put in place before 15 April, to benefit from the full 12 monthly instalments.

 

Your 2014/15 Rates bill
Billing authorities will be issuing their annual rates bills any day.  The Uniform Business Rate which will determine your liability for 2014 -15 will be 0.482 (0.471 for small businesses.)  This includes the 2% cap on increases that was promised.  There are a number of new and old reliefs in place for 2014/15 and as ever we are happy to check clients bills, not only to ensure you are receiving any reliefs you are entitled to, but also to ensure the bill is accurate.

For further information please contact Nicola Murrish nmurrish@vickeryholman.com