How Business Rates are Calculated
Additional Restrictions Grant (ARG4)
The Council has created a new Additional Restrictions Grant policy based on Government guidance, which will provide additional support to businesses who have been severely financially impacted by Covid restrictions and delay to the Government’s roadmap.
The scheme is open for applications from 1pm Thursday 22 July 2021 and closes at 10pm Sunday 8 August 2021.
All businesses will have to complete the secure online application form by clicking on the link below.
To be eligible, a business must fit under one of the following sectors:
- travel and tourism sector, including group travel, travel agents and tour operators
- wedding industries
- events industries
- English language schools
- freelance and mobile businesses (including caterers, events, hair, beauty and wedding related businesses)
Businesses will need to demonstrate that they have been severely financially impacted and will be required to submit evidence to support the claim.
All applications will be validated and a determination made as to whether the business is eligible for a grant and how much. Please note that no payments will be made until the application deadline of Sunday 8th August has passed and all applications have been assessed.
RESTART Grants – this scheme closed for applications on 30 June.
If you have already submitted an application please note that the council are required to undertake more extensive and robust pre-payment checks on the restart grants, so processing times for these grants may be longer.
Business rates are charged on most non-domestic properties, like: shops, offices, pubs, warehouses, factories, holiday rental homes or guest houses. You’ll probably have to pay business rates if you use a building or part of a building for non-domestic purposes.
Business rates are worked out based on your property’s ‘rateable value’.
This is its open market rental value on 1st April 2015, based on an estimate by the Valuation Office Agency (VOA).
You can estimate your business rates by multiplying the rateable value by the correct ‘multiplier’ (an amount set by central government)..
Your bill will be reduced if your property’s eligible for business rates relief.
If your bill is due to increase or decrease by a large amount in comparison to the pervious year it maybe restricted by transitional relief.