Business Rates Reductions

Frequently Asked Questions for this Service

Question: My business is a charity, can I get a discount?

Answer: If you are a registered charity and the property is wholly or mainly used for charitable purposes you may be entitled 80% charity relief. You will need to complete an application form which can be obtained online at https://www.iow.gov.uk/Business/Business-Rates/Business-Rates-Reductions/Reliefs, or you can contact them by telephone on (01983) 823920 or by email at business.rates@iow.gov.uk - Related Link

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Question: My business premises is empty, can I get a discount?

Answer: You will need to contact the Business rates department to discuss this. You can contact them by telephone on (01983) 823920 or by email at business.rates@iow.gov.uk


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Question: I don't receive small business rates relief is this automatically applied if I am eligible?

Answer: No - if you have not previously received small business rates relief you do have to apply for this. You must have a rateable value of less than £15,000 and occupy one property (in some cases businesses can occupy more than one).
To apply please see below - Related Link

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Question: Will restrictions of state aid in relation to the new support measures announced in the Budget for business rates still apply?

Answer: It is likely that the reliefs will constitute state aid. If receipt of the reliefs would mean that your business has benefitted by more than the permitted amount then you will need to advise the Council so that relief can be removed.

See guidance on state aid below. - Related Link

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Question: My business has a rateable value of under £51,000 and I already receive retail discount will I have to apply for the new 100% relief?

Answer: No - if your existing bill for the coming year shows retail discount then you do not need to take any action nor make any payment. Your bill will automatically be updated to show the rate relief.

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