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Children and Young Peoples Services

Services for Adults on the Isle of Wight

Business Rates Deferral Scheme


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.

Your FAQ

Question: What if I stop occupying the property?

Answer: You will need to pay the amounts you have a duty to pay by law, including the amount you have put off paying. Your local council will send you a revised bill, letting you know how much you should pay.


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