£1,000 OFF NON-DOMESTIC RATES FOR SMALL RETAIL
From April 2014, most small retail
business in Bedford Borough can receive an extra discount of £1,000
off their rates bill and some businesses may not have to
pay any rates at all.
Bedford Borough Council is offering small
retail businesses a new retail rate relief discount of up to £1,000
a year for the next two years. To qualify the business property
must have a rateable value of no more than £50,000 and must be used
mainly for providing retail goods or services to the general
The discount is available to all businesses
that meet criteria set by the government. This includes most
small retail businesses such as shops (including charity shops),
restaurants, takeaways, cafés and pubs.
The extra discount is on top of other help
with rates bills such as small business rate relief and charity
rate relief. The amount awarded is worked out on a daily
basis up to a maximum of £1,000 for the year. If the
business’ bill for the year is already less than £1,000 then the
bill can be reduced to zero.
Applications can be backdated to 1 April 2014
or to the date the businesses first became the ratepayers where
this was later than 1 April 2014.
Due to the government criteria the discount is
not available to businesses offering financial or professional
services this includes banks and building societies, payday loans
and pawn brokers. Also businesses that are not easily accessible to
the public will not qualify. However, businesses that don’t
qualify could still be entitled to small business rate relief. Just
some examples of those that can apply include; florists, opticians,
petrol stations, garden centres, travel agents, and coffee
Cllr Shan Hunt, Portfolio Holder for Revenues
and Benefits, at Bedford Borough Council said “This new discount is
a welcome boost for small retailers. We’ve made it as simple
as possible to apply, so please don’t miss out. Check the
Council’s website today to see it you qualify”.