What is small business rate relief Northern Ireland?
The Small Business Rate Relief (SBRR) scheme is a Northern Ireland government initiative, whose aim is to support the growth and sustainability of small businesses in Northern Ireland, by providing some small business owners with rate relief.
Can you apply for small business rates relief retrospectively?
Small Business Rates Relief can be backdated up to a maximum of six years. If a claim was made in the current financial year, we could retrospectively award SBRR from 01 April 2014.
What does small business relief mean?
This relief is aimed at helping small businesses where they are not entitled to another mandatory relief. Ratepayers who occupy a property with a rateable value which is not more than £50,999 will have their bill calculated using the lower small business rate multiplier.
How do I apply for NI rate relief?
To apply for Housing Benefit and Rate Relief as a homeowner, you must complete an application form and send the form to the Housing Executive, along with supporting documents.
When did small business rates relief start?
April 2005
This scheme was first introduced in April 2005, amended in April and October 2010 and more recently revised and updated to coincide with the 2017 revaluation of commercial property.
Do small businesses get rate relief?
You can apply for a small business rate relief if you occupy a property with a rateable value of £15,000 or less. Your business must occupy either: one property with a rateable value less than £15,000. one main property plus other properties, as long as those other properties have rateable values of less than £2,900.
Who is entitled to rate relief Northern Ireland?
Homeowners who can apply If both you and your partner (if you have one) have reached pension age you must: not have capital over £50k. be an owner occupier. not be in a co-ownership or rental buy scheme.
When did small business rate relief start?