Relief for Small Business
CHANGES TO SMALL BUSINESS RELIEF IN WALES FROM 1st APRIL 2010
SBR can provide certain businesses with a welcome reduction in their rates. Currently, SBR of:
• 50% is available for non-domestic properties with a rateable value of not more than £2,000.
• 25% is available for non-domestic properties with a rateable value of not more than £6,500.
• 25% is available for retail purposes with a rateable value of more than £6,5000 but not more than £9,000.
On 22nd December 2009, the Minister for Social Justice and Local Government wrote to Assembly members informing them that he proposed to amend the Non-Domestic Rating (Small Business Relief) (Wales) Order 2008 to increase the rateable value thresholds from:
• £2,000 to £2,400 for the general 50% relief.
• £6,500 to 7,800 for the general 25% relief.
• £9,000 to £11,000 for the 25% retail relief.
These changes have come into effect from 1st April 2010.
