Merton Business Rates Consultation
Helen Clark Bell attended the annual Business Rates Consultation at Merton Council, well attended by business representative groups from around Merton.
Merton Council announced that Business Rates for 2019/20 will be increasing by 2.2% as set by central government. In 2018/19 Merton Council collected £92million in business rates, 64% of which was retained to fund local council services. Merton Council will be automatically applying the 100% relief for Small Business Rate Relief, the transitional rate relief from the last revaluation and the 30% retail business rate reduction if your shop has a rateable value of less than £51,000. If you are eligible and this has not been automatically applied then please do contact Merton Council to discuss this.
There are a number of support schemes that Merton Council provide for businesses that may be struggling to pay their business rates and you are encouraged to speak to the council rates department directly if this applies. There are also local discount schemes for new businesses, empty properties and expanding businesses.
For more information https://www.merton.gov.uk/business-and-consumers/business-rates