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Act fast to claim rate relief

Sep 27 2010

Companies have until September 30 to claim rate relief

Small businesses could miss out on millions in backdated rate relief unless they lodge claims by September 30.

Companies that qualify for Small Business Rate Relief (SBRR) will receive compensation on a sliding scale based on the rateable value of their property.

Any small and medium enterprise (SME) occupying commercial premises between April 1 2007 and April 2010 could be entitled to as much as £5,000 back.

According to commercial property market data provider LeaseholdersUnited, too few business owners are aware they can claim relief.

Andrew Bacon, property advisor for LeaseholdersUnited, says: ‘Unfortunately, most councils are saying nothing about the issue and many are handing out forms that actually prevent businesses from backdating their claims.’

Phil McCabe, media manager of the Forum of Private Business (FPB) says: ‘A simple solution would be to make rate relief automatic for businesses with eligible properties.’

Rate relief can be claimed at www.sbrr.co.uk. Claimants are required to enter local authority details and fax the form before the deadline.

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