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: Provided that you return the application by 9 June you will see the reduction in your July instalment. If you apply later than that date you will see the reduction reflected in your next instalment or the one after that. The amount you can put off paying will not change in both situations.