If you own a business, you may have to pay business rates (or NNDR which stands for National Non-Domestic Rates).
Non-Domestic Rates, or business rates, collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services. Under the business rates retention arrangements introduced from 1 April 2013, authorities keep a proportion of the business rates paid locally. This provides a direct financial incentive for authorities to work with local businesses to create a favourable local environment for growth since authorities will benefit from growth in business rates revenues.
The money, together with revenue from council tax payers, revenue support grant provided by the Government and certain other sums, is used to pay for the services provided by your local authority and other local authorities in your area.
Hillhouse International Enterprise Zone (EZ) in Thornton-Cleveleys was officially launched on 01/04/2016.
The Council is able to offer business rate relief up to a total value of £275,000 over a five year period where a business moves to the EZ before 31/03/2022. Relief will be available to new businesses moving to the EZ and may be available to re-locating and existing businesses in limited circumstances.
Additional Business Rates Reliefs announced in the March 2017 budget
We had already printed our business rate bills for 2017/18, which ratepayers will receive shortly, before these additional measures were announced.
The Government has not yet provided full details of the relief schemes to councils.
As soon as details are announced we will identify eligible ratepayers and invite them to apply for the relief.
In addition we anticipate the Council will receive an allocation to support those businesses that face the steepest increases in their business rates bills as a result of the 2017 revaluation and can demonstrate hardship. Further details of how to apply for this relief will be published on our website in due course.