A new permanent scheme came into force on 1 April 2018. The Welsh Government provides non-domestic rates relief to eligible small businesses.
- eligible business premises with a rateable value of up to £6,000 will receive 100% relief; and
- those with a rateable value between £6,001 and £12,000 will receive relief on a tapered basis from 100% to zero
The following types of business will continue to get relief as follows:
Registered childcare premises
- eligible registered childcare premises with a rateable value of up to £6,000 receive 100% relief; and
- those with a rateable value between £6,001 and £20,500 receive relief on a tapered basis from 100% to zero
- the small business rates relief scheme for the childcare providers will be further enhanced to provide 100% relief to all registered childcare providers in Wales, this higher level of relief will start on 1 April 2019, it will be in place for three years to 31 March 2022, during which time it will be evaluated to assess its effect
Download the Written Statement for 100% Rates Relief for Childcare Sector Announcement here.
- Post offices with a rateable value up to £9,000 receive 100% relief
- Post offices with a rateable value between £9,001 and £12,000 receive 50% relief
Multiple occupation limit
Where a ratepayer is liable for more than two properties on a single local non-domestic rating list (“local list”), and those properties meet only the rateable value conditions, the ratepayer will only receive relief for a maximum of two such properties.
Further information on Small Business Rates relief in Wales.
Following the 2017 non-domestic rates revaluation by the Valuation Office Agency, transitional relief will be implemented to support ratepayers whose eligibility for Small Business Rate Relief (SBRR) will be affected as a result of the revaluation.
The transitional relief scheme will be introduced to assist ratepayers in receipt of SBRR on 31 March 2017, experiencing a reduction in the percentage of SBRR they are entitled to on 1 April 2017, due to increases in their rateable value following the revaluation.
SBRR will be applied prior to transitional relief. The transitional relief will work by phasing in any resultant increases in liability over a 3 year period (25% of increased liability in year 1, 50% in year 2 and 75% in year 3).
Eligible ratepayers are those:
- moving from full SBRR to partial SBRR
- moving from full SBRR to no SBRR
- moving from partial SBRR to no SBRR
- staying within partial SBRR but seeing an increase in rateable value
High street rate relief
The £5 million High Street Rate Relief Scheme is aimed at high street retailers in Wales, for example shops, pubs, restaurants and cafes, including those retailers which have seen their rates increase as a result of the 2017 revaluation undertaken by the Valuation Office Agency.
The Welsh Government is providing 2 tiers of high street rate relief, of up to £250 (Tier 1) or up to £750 (Tier 2), to eligible high street retailers occupying premises with a rateable value of £50,000 or less in the 2018-19 financial year, subject to State Aid limits.
Tier 1 properties are those meeting the high street criteria and in receipt of Small Business Rates Relief or Transitional relief on 1 April 2017.
Tier 2 properties are those meeting the high street criteria and not in receipt of Small Business Rates Relief or Transitional relief on 1 April 2017 and also seeing an increase in liability as a result of the 2017 revaluation.
It will be for individual local authorities to decide in each individual case when to grant relief, which will be available from 1 April 2018 until 31 March 2019.
Download information on High Street Rate Relief Scheme, this guidance includes further detail on the eligibility criteria.
Grants are avilable to help eligible hydropower projects with their business rates. Hydropower projects extract energy from water courses to generate electricity. Hydropower projects with a rateable value up to £50,000 can apply for support for 2017-18 (retrospectively) and for 2018-19. For further information and to apply please see Non-domestic (business) rates support for hydropower.
For more information, and to check that you have received the correct relief, please contact Revenue Section, Isle of Anglesey County Council, PO Box 29, Llangefni, Anglesey, LL77 7ZF or please fill in our online form.