Melton Borough Council

Severn Trent report

UPDATE: Severn Trent have informed that the issues with low water pressure or no supply in the LE13 area have now been resolved. If you are still experiencing problems please contact STW directly

Changes to business rates 2015/16

Announced in the Autumn Statement by the Chancellor on 3 December 2014.         

1. Small Business Rates Relief doubled for 2015/16.

Those businesses currently receiving 100% discount with an Rateable Value (RV) of £6K and below will continue to receive their discount for 2015/16. The ‘tapered’ discount will continue for those properties with an RV between £6k and £12K subject to the small business rate relief rules.

2. RPI Increase capped to 2% cap (as for 2014/15)

The increase should have been 2.3%

3. Retail Rate Relief Increased

From £1,000 to £1,500 for 2015/16 for those qualifying properties (shops, pubs and restaurants)with a RV less than £50K. (up to state aid limits)

4. Business Rates backdating – Alterations to RV only to be backdated to the period 01/04/10- 01/04/15 for

a) Valuation Officer alterations made before 01/04/16

b)  Business ratepayer appeals made before 01/04/2015

5. Transitional Arrangements

To extend in effect the existing transitional relief scheme for two years  for  properties  with  a  rateable  value  up  to  and  including £50,000.  As a result of this measure, small properties (with a rateable  value  of  less  than  £18,000)  that would  otherwise  face  bill  increases  above  15%  and  medium sized properties (with a rateable value of £50,000 or less)  that would otherwise face bill increases above 25% will benefit.  The Government will publish guidance shortly.  This measure will not affect those ratepayers in transition to lower bills whose scheme will end on 31 March 2015.

Business Rates Avoidance    - discussion paper on nature and scale of rates avoidance to be published in December 2014  

Future Structure of Business Rates – Report to be made on the future of Business rates by the Budget 2016 (March 2016). Initial findings to be published December 2014. HM Treasury statement states this is around ‘clearer billing, better information sharing and a more efficient appeal system’.