Rates alert for businesses
Helping bosses to understand their business rates bill ... Paul Stuart, local manager of Business Link.
BOSSES in Ashbourne are being alerted to changes to rules on business rates and empty property relief from April.
Rates for the financial year 2009-10 will be calculated using 48.5p as the standard non-domestic rating multiplier and 48.1p for the small business multiplier.
As part of the changes, subject to meeting certain criteria and the agreement of the billing authority, businesses may be able to extend payment terms to settle debts.
This would allow eligible businesses to spread payments up to eight years to settle all or part of a significant debt for backdated business rates from a new assessment rated by the Valuation Office Agency.
Paul Stuart, Derbyshire manager for regional business support agency Business Link East Midlands, said, “We have put information about the changes on our website and our local team of business support brokers are on hand to help businesses to understand their business rates bill and how the changes will apply to them.”
Details of the changes can be found at www.businesslink.gov.uk/eastmidlands/rates
Copyright Ashbourne News Online 2009
