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This consultation has now concluded.
Kingston Council has set out a proposal for a local discretionary business rate relief scheme for the four year period from 1 April 2017 to 31 March 2021.
We would like to hear the views and thoughts of business rate payers and any Kingston residents who pay business rates, before the scheme is implemented. Please fill in our short survey to tell us what you think.
Background
In March 2017, the Government announced budget measures to help businesses adversely affected by the 2017 general revaluation, which resulted in some business rate payers' bills increasing. The Government has made £300m available to all councils.
The funding allocated to Kingston is £721K over four years, which is based on the number of non-domestic properties with a rateable value of less than £200K and where the business rate payer has an increase in rate liability of more than £12.5%.
A transitional relief scheme is already in place, which is a Government scheme that phases in the effects of large changes in rateable value. Revaluation support is intended to supplement the transitional relief scheme where some business rate payers still experience large year-on-year increases in their rate liability.
Kingston Council has set out a proposal for a local discretionary business rate relief scheme for the four year period from 1 April 2017 to 31 March 2021.
We would like to hear the views and thoughts of business rate payers and any Kingston residents who pay business rates, before the scheme is implemented. Please fill in our short survey to tell us what you think.
Background
In March 2017, the Government announced budget measures to help businesses adversely affected by the 2017 general revaluation, which resulted in some business rate payers' bills increasing. The Government has made £300m available to all councils.
The funding allocated to Kingston is £721K over four years, which is based on the number of non-domestic properties with a rateable value of less than £200K and where the business rate payer has an increase in rate liability of more than £12.5%.
A transitional relief scheme is already in place, which is a Government scheme that phases in the effects of large changes in rateable value. Revaluation support is intended to supplement the transitional relief scheme where some business rate payers still experience large year-on-year increases in their rate liability.
