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Small firms urged to claim backdated rate relief 

 

A leading business group is calling on small firms to claim their share of £200 million in backdated rate relief.

 

The Forum of Private Business (FPB) has warned that many enterprises could lose out on the money unless they apply for the relief by the 30 September deadline.

 

Any small business occupying commercial premises between 1 April 2007 and April 2010 could be entitled to receive backdated Small Business Rate Relief (SBRR).

 

However, the lobby group claims that too few business owners are aware that they may be able to claim the money.

 

‘Claiming backdated SBRR before the 30 September 2010 deadline could mean that a small business paying £5,000 a year in rent gets a cheque from the council that is enough to cover its overheads until March 2011, just for filling in a form,’ said Andrew Bacon, the FPB’s Property Adviser.

 

‘Time is running out, so it is important to act now. The simple solution is for every business to send in the correct claim form before 30 September 2010. Those who are not eligible will simply be rejected, but those that are eligible will get the money they deserve.’

 

For more information visit: www.sbrr.co.uk