The 3.2% RPI increase for 2014-15 will be reduced to 2%.
The doubling of Small Business Rate Relief will continue for a further year to April 2015.
Ratepayers will continue to keep their Small Business Rate Relief entitlement for 1 year where they take on an additional property that would currently cause them to lose SBRR.
There will be a discount of £1000 for shops, pubs and restaurants with a rateable value below £50,000 for two years up to the state aid limits, from 1 April 2014.
There will be a 50% discount from business rates for new occupants of previously empty retail premises for 18 months. The relief will be granted to businesses moving into long-term empty retail properties on or after 1 April 2014 and on or before 31 March 2016.
Business rates bills can be spread over 12 months rather than 10 months as currently from 1 April 2014.
Exemption for newly built empty property
Non Domestic Rates
Non Domestic Rates, also known as Business Rates is a system of collecting rates from commercial properties within the local authority area. All non-domestic rates collected by Southampton City Council are forwarded to central government from where they are redistributed amongst all authorities.
Each commercial property is assessed by the Valuation Office Agency, given a Rateable Value (RV) and entered into the official rating list. This list is reviewed every five years, however the next revaluation has been postponed by the Government until 1 April 2017. There is an appeals process where by you can appeal against an entry in the list.
Business rates leaflet 2013/14
This year the council tax and business rates leaflet 2013/14 will be available online. To view this leaflet please click on the link below.
The council tax and business rates leaflet 2013/14.