Service Description: The Government has decided to put in place a business rates deferral scheme which will give you the option of spreading the Retail Price Index increase in your 2012-13 bill over three years, to help businesses manage their cash flow during the downturn. You will be able to defer payment of 3.2% of your 2012-13 bill – which is equivalent to 60% of the Retail Price Index increase - until 2013-14 and 2014-15. You will then pay back the total amount deferred over the next two years.
Answer: If you run a small business, further help may be available to pay your bills, with Small Business Rate Relief. The level of Small Business Rate Relief has also been doubled for the whole of 2012-13. If you are occupying only one property with a rateable value of below £6,000 you will pay no rates at all for 2012/13. Those occupying only one property with a rateable value of below £12,000 will benefit from a discount on your bill. The Government has also made it easier for eligible ratepayers with rateable values below £18,000 to have their bills calculated using the small business multiplier. Further information can be found on our website at www.iwight.com or at www.businesslink.gov.uk