Business rates deferral scheme 2012

The Government has put in place a business rates deferral scheme which allows ratepayers to defer 3.2% of the rates bill for 2012/13.

The total amount deferred is then paid back over the following two years with half being paid in 2013/14 and half being paid in 2014/2015 in addition to the full bill for those years.

Provided the application is returned by 9 June 2012 applicants will see the reduction in their July instalment.

If applications are received after that date then reductions will be seen in either the next instalment or the one after that.

Applications can be made until 31 March 2013 provided the ratepayer still has something left to pay and recovery action has not been taken.

Last updated 26/04/2012