From 1 April 2010 the thresholds of the Scheme have increased. The Scheme will provide relief to ratepayers with properties in Scotland with a combined rateable value of £18,000 or less. In addition, the Scheme has been expanded and, where the cumulative rateable value of a ratepayer's properties falls between £18,000 and £25,000, the Scheme will offer 25% relief to individual properties with a rateable value of up to £18,000.
The Scheme provides the following relief from 1st April 2010:
- Up to £10,000 - 100% relief
- £10,001 to £12,000 - 50% relief
- £12,001 to £18,000 - 25% relief
- Upper limit for cumulative rateable value £25,000* - 25% relief
* This will allow a ratepayer with 2 or more properties with a cumulative rateable value of between £18,000 and £25,000 to qualify for relief at 25% on individual properties with a rateable value of up to £18,000.
Small Business Bonus Scheme application form
The Scheme provides the following relief prior to 1 April 2010 as follows:
Combined Rateable Value of all business properties in Scotland.
- Financial Year 2008/2009:
- Up to £8,000 - 80% relief
- £8,001 to £10,000 - 40% relief
- £10,001 to £15,000 - 20% relief
- Financial Year 2009/2010:
- Up to £8,000 - 100% relief
- £8,001 to £10,000 - 50% relief
- £10,001 to £15,000 - 25% relief
Relief can still be claimed for prior financial years.
If you have not already done so, and you consider you meet the qualifying conditions, please complete an application form and return it as soon as possible to the: Non Domestic Rates Team, PO Box 5650, Inverness, IV3 5YX.