Business rates reductions

Rate relief for small businesses

A new form of relief for small businesses has been introduced with effect from 1 April 2005 and is called Small Business Rate Relief. A small business is any business with a rateable value of less than £18,000.

The relief is available upon application annually and is granted to businesses with one assessment of below £18,000 or whose businesses who occupy other properties where the rateable value of these properties is under £2,600.The total of all the properties must be below £18,000.

Small businesses with a rateable value of £6,000 and below will receive 100% discount, this relief will decrease on a sliding scale. All assessments below £18,000 will be charged the lower rate poundage of 48.4p (from 49.7p).

Mandatory and discretionary rate relief for charities

Charities are entitled to an 80% reduction in their bills. The council has the discretion to reduce the bill further by awarding a further 20% Discretionary Rate Relief.

In addition, the council has the discretion to grant relief to some other types of non-profit making bodies.

To qualify for this you will need to send your last three years of accounts and download an application form. An award will be made for a single year only and you will have to make a new application each year.

Rural rate relief

If your business property is in a designated rural area where the population is less than 3,000, you may be able to claim rural rate relief.

Application forms can be requested by emailing nndr@watford.gov.uk.

Hardship relief

This discretionary relief can be granted by the council if you are experiencing hardship and your business is considered to be important to the local community.

There are no specific criteria for entitlement all applications are considered individually.

Mandatory and discretionary rate relief for community amateur sports clubs (CASC)

Registered Community Amateur Clubs (CASCs) can receive 80% rate relief. To qualify as a CASC, a sports club must:

  • Be open to the whole community
  • Be run as an amateur club
  • Be a non profit making organisation
  • Aim to provide facilities for, and encourage people to take part in, eligible sport

The council has the discretion to reduce the bill further by awarding a further 20% Discretionary Rate Relief.

To qualify for this you will need to send your last three years of accounts and download an application form.

An award will be made for a single year only and you will have to make a new application each year.

You can register as a CASC or telephone the Inland Revenue Sports Clubs Unit on 01131 777 4147.

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