from 1 April 2023
Properties which no longer qualify for 100% Small Business Bonus or Rural Rates Relief from 1 April 2023 may qualify for the Transitional Relief cap scheme. This will limit the amount due for Business Rates to a maximum of £600 for 2023/24 rising to £1,200 in 2024-24 and £1,800 in 2025-26
From 1 April 2023 this scheme will the cap the charges for parks or part of parks newly entered onto the valuation roll on 1 April 2023 that were previously exempt from rating. The charge will be capped at 33% of the gross 2023-24 rates bill.
Park Transitional Relief is likely to be considered as subsidy under the rules of the Subsidy Control Act 2002 and you will be asked about any subsidy received when you complete the application form
To qualify for the cap scheme the following must apply