Small companies fail to claim £100 million in business rate relief

Small companies in England are losing out on approximately £100 million in unclaimed business rate relief, according to a report by chartered surveyors Bankier Sloan. Under the Small Business Rate Relief (SBRR) programme, companies with a single property of a rateable value less than £6,000 can claim 100% rate relief. However, the report disclosed that at least 100 businesses per local authority area that are eligible for the programme have not applied for it. Blame is partly due to out-of-date and inaccurate information published on council websites. Report author Ian Sloan has urged local authorities to update their websites in time for 1st April 2014, when new rate discounts will be made available to retailers.
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