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Small Business Bonus Scheme 2008-09

The Small Business Bonus Scheme will, from 1 April 2008, progressively reduce the rates burden for businesses with properties of which the combined rateable value is £15,000 or less.

 

The Scheme will be delivered in full by April 2009. Projected relief rates for each of the next three years are set out below:

 

Percentage relief available, subject to eligibility

 

Combined rateable value of all business properties in Scotland

2008-09 2009-10 2010-11

up to £8,000 80% 100% 100%

£8,001 to £10,000 40% 50% 50%

£10,001 to £15,000 20% 25% 25%

 

The level of relief for each business will depend on:

 

  • the combined rateable value of all properties in Scotland of which the business is in rateable occupation or (if vacant) which the business is entitled to occupy;
  • whether or not each property is eligible for one of the existing rates relief schemes;
  • the level of other public sector assistance received by the business (see below).

 

Do I need to apply for the Small Business Bonus Scheme?

Yes. The Small Business Bonus is an application-based scheme - you will have to apply to each local authority area in which your business has a property. If an application form is enclosed with this leaflet, please complete and return it as soon as possible. You can obtain additional application forms from the relevant council(s).

Contact Stewart Farmer on 01505 864149