New retail relief scheme for small businesses in Kingston borough
Kingston Council will give a boost to small businesses in the borough through a new retail relief programme starting from April 2019.
The scheme was announced by Chancellor Philip Hammond at the government’s 2018 Autumn Budget. This may mean businesses with a rateable value of less than £51,000 will be eligible for a third off their business rates over the next two years.
Companies will have already received their annual bill, issued in March 2019. If you are eligible for the retail relief, you will get an amended bill in April which will be automatically calculated.
You can see if you are eligible for the retail relief by visiting www.kingston.gov.uk/business_rates
Those providing medical services are excluded from applying. Estate agents, letting agents, cinemas, theatres, nightclubs, museums, music venues and those providing medical services also cannot apply, while empty properties do not qualify.
Councillor Alison Holt, portfolio member for finance, said:
“Kingston proudly boasts a vast array of small businesses and the council wants to support them as much as possible to ensure they get off the ground. Small businesses are at the heart of the borough’s economy and identity.
“We hope that these relief rates will help them on their way to establishing themselves in the borough. Small businesses, particularly retail, face many challenges in the current economic environment and this relief is very welcome.”
Business rates can be paid online, by direct debit, over the phone and using the Kingston Pound.
The council has written to those who may be eligible for rate relief. If you have not received a letter but believe you may qualify, or if you have any questions, contact the council via [email protected]