National Non Domestic Rate Reliefs - Lambeth Council's Bulletin

Lambeth Council and other Local Authorities provide a number of different reliefs to businesses within their Boroughs if the criteria eligibility is met. Below is further information on the reliefs which are currently available to Businesses within Lambeth.

Discretionary Business Rates Hardship Scheme

The Chancellor announced in the Spring Budget that additional funding would be made available to Local Authorities to assist businesses who are experiencing hardship due to the Revaluation effective 1 April 2017.

There are regulations regarding who can receive funding and all councils were tasked with creating and delivering their own scheme. Lambeth Council’s priorities for the allocation of the Hardship Scheme are designed to protect those businesses who are most affected by the increase in business rates. Our aim is to ensure those most in need receive the most help and provide targeted support for specific locations and business types which are particularly negatively affected and / or deemed as particularly key to the Council’s Future Lambeth growth agenda (e.g. creative and digital industries, affordable workspace facilities and the Night time Economy).

The amount of support provided to any eligible business will be decided on need. This will involve the business concerned meeting the qualifying criteria i.e. they have been in occupation prior to the 1st April 2017 and have received an increase in their rateable value. An application for this relief is on the council website.

Business Rates Retail Discount Scheme

In the Autumn Budget 2018, the Government announced a one-third discount for eligible retail businesses with a rateable value of less than £51,000, up to state aid limits. This scheme will run for two years from April 2019. The value of discount should be one third of the bill. This discount will be applied to the bill after the application of any reliefs, excluding any local discounts. If you have a retail business and meet the criteria but the relief has not been applied please call the team on 020 8315 2255.

Small Business Rate Relief

From 1 April 2017 Businesses won’t pay business rates on a property with a rateable value of £12,000 or less. The small business rate relief will be available to businesses if they have a property with a rateable value between £12,001 and £15,000. The rate of relief will go down gradually from 100 per cent to zero per cent.

If Businesses use more than one property they’ll keep getting any existing relief on their main property for 12 months as long as the total rateable value does not exceed £12,000

Mandatory Rate Relief

Charities are entitled to relief from rates on any non-domestic property that is wholly or mainly used for charitable purposes. The discount is 80% of the bill

Discretionary Rate Relief

The Council has discretionary powers to award relief from payment of Non-Domestic Rates in a range of circumstances. This Policy shall apply in giving consideration to applications for discretionary rate relief made. For further information please visit the link at the bottom.

**For further information on any of the above reliefs please visit the following link;

https://www.lambeth.gov.uk/business-services-rates-and-licensing/business-rates/reduce-your-business-rates-guide