In the UK, there are various forms of business rates relief that may be available to new florist businesses, depending on several factors including the location of the business, the value of the property, and specific local council policies. Here’s a general overview of the types of relief you might be eligible for:
1. Small Business Rate Relief (SBRR) #
If your property’s rateable value is less than £15,000, and it is the only property you use, you may be eligible for Small Business Rate Relief. For properties with a rateable value of £12,000 or less, you can receive 100% relief, meaning you won’t have to pay business rates at all. This relief decreases gradually from 100% to 0% for properties with a rateable value between £12,001 and £15,000.
2. Retail Discount #
Some local councils offer a retail discount to shops on the high street, which could include florists. The criteria and the amount of discount can vary by council, so it’s essential to check with your local authority.
3. Rural Rate Relief #
If your florist is in a rural area with a population below 3,000, and it is the only florist in that area, you might qualify for Rural Rate Relief. Eligible businesses can get 100% relief.
4. Enterprise Zones #
Florist businesses starting up or relocating to an Enterprise Zone might be eligible for business rates relief. The availability and level of relief can vary depending on the local scheme.
5. Charitable Rate Relief #
If you operate your florist as a not-for-profit or community interest company, you could be eligible for up to 80% relief if the property is used for charitable purposes.
6. Hardship Relief #
Local councils have the discretion to give relief to businesses experiencing exceptional hardship. The availability and criteria for this relief are determined locally.
How to Apply #
To apply for any of these reliefs, you should contact your local council. They will inform you about the specific reliefs available, the eligibility criteria, and how to apply. It’s important to apply as soon as possible, as some reliefs may not be applied retroactively.
Additional Considerations #
- Updates and Changes: The UK government occasionally updates policies related to business rates relief, especially in response to economic conditions, so it’s a good idea to stay informed about any changes that might affect your eligibility.
- Documentation and Evidence: Be prepared to provide documentation and evidence about your business and its premises to support your application for relief.
Checking with your local council’s website or contacting them directly will provide the most relevant and up-to-date information regarding what business rates relief you may be entitled to as a new florist business.
