Skip to main content 
Unable to display this Web Part. To troubleshoot the problem, open this Web page in a Microsoft SharePoint Foundation-compatible HTML editor such as Microsoft SharePoint Designer. If the problem persists, contact your Web server administrator.


Correlation ID:3cf59a60-7080-47fe-b3d0-d845d33e0fdc
 
 

 

Business rates

Unable to display this Web Part. To troubleshoot the problem, open this Web page in a Microsoft SharePoint Foundation-compatible HTML editor such as Microsoft SharePoint Designer. If the problem persists, contact your Web server administrator.


Correlation ID:3cf59a60-7080-47fe-b3d0-d845d33e0fdc

Business rates update 26 May 2020

​Following the Chancellors announcements in response to the COVID-19 pandemic that directly impact on Business Rates the City Revenues Team are continuing to update accounts that are impacted by the changes.

Discretionary Grant Scheme

The Government  announced on 1 May 2020 that it will provide a Discretionary Grant Scheme for small and micro businesses not eligible for existing grants but who have ongoing property related costs. Funding for this scheme is extremely limited. The City of London Corporation is now considering the process for determining eligible applicants.

We expect to have a local policy in place for those businesses which meet the agreed criteria to make an application for this financial support in the coming weeks. Until then, we are not able to receive or process any applications and would ask businesses to refrain from contacting us as this putting further strain on resources that are working hard to maintain essential council services.

We will announce further details about the application process on this page in due course.

Please be patient and look out for further information on this page before contacting us.

Central government has provided consolidated information to support business in response to this pandemic. This information can be found at [GOV.UK – Support for Business]

Based on guidance from central government the City Revenues Team has now awarded the 100% retail relief to those occupied properties that are eligible to receive the Enhanced Retail Relief and Small Business Rates Relief in the 2020/21 financial year. Revised bills showing the adjustment have been issued.

The private nurseries on Ofsted’s early years Register have had the accounts updated to reflect 100% relief in the 2020/21 financial year and revised bills have been issued.

Detailed guidance on hereditaments that will qualify can be found at the GOV.UK website.

The following additional assistance has also been announced:

  • Cash grants of £10,000 to small businesses in receipt of Small Business Rate Relief or those eligible for Enhanced Retail Relief with a rateable value up to and including £15,000.
  • Cash grants of £25,000 for other businesses who are eligible for the Enhanced Retail Relief and who have a rateable value between £15,001 and £50,999.

The government provided guidance relating to the award of the grants; this is the latest government guidance for businesses.

Most of these grants have now been paid. Eligible businesses were sent a short form which they returned to the Business Rates Team. Following receipt of the form eligible ratepayers received the funds through a direct bank transfer and the last few cases are being dealt with now.

If your business does not meet any of the criteria detailed above or in the detailed guidance, then you should arrange to pay your business rate bill as usual.

If you believe you are eligible to receive a grant but have not been contacted to complete a form, please email the Business Rates Team putting the word GRANT as the subject line of your email. If you are eligible a form will then be sent to you.

Serviced Offices

In order to be eligible to receive a Small Business Grant, the serviced office a business occupies must already be individually assessed by the Valuation Office Agency and the business must be the sole occupant of that assessment and in occupation on 11th March 2020.

If you are a small business operating from a serviced office and have already claimed Small Business Rate Relief (SBRR) you will qualify for the Small Business Grant and payments are being made to those individual businesses.

If you are a small business located within a serviced office and you believe that you may be entitled to SBRR then your business can make a retrospective claim for SBRR. Providing your business qualifies for SBRR and was in occupation on the qualifying date we will pay you the Small Business Grant.

Your business can apply by completing an SBRR form and returning it to the Business Rates Teamalong with the business rate account number which you can obtain from the Serviced Office provider.

Please note that if the Serviced Office or Shared Office as a whole is assessed by the Valuation Office as one single assessment, then the individual tenants/licensees will not be eligible to receive a grant.

Business rates

Under the business rates retention arrangements, introduced from 1 April 2013, local authorities keep a proportion of business rates raised.

However, due to the amount of rates collected by the City, it pays a tariff to central Government to be redistributed to local government. As a result, the amount retained is quite small compared with the amount collected.

The City of London's share of rate income and the income from its council tax payers is used to pay for the services provided by the Council and other local authorities in your area.

Because of its special circumstances - notably its very small resident population and high daytime population - the City of London can set its own rate and retain part of the proceeds to help pay for the services it provides. The City keeps the sum resulting from the premium which has been levied, following consultation, to further enhance the Police Service, security, resilience and contingency planning in the City.

For further information, please use the links on the left to navigate around and, if you are unable to find the information you require, refer to the contacts page.​​

If you have a business rate account with the City of London you can register to view your account details online. For further information about this self service facility please see our business rates online​ page.

Further information
    Unable to display this Web Part. To troubleshoot the problem, open this Web page in a Microsoft SharePoint Foundation-compatible HTML editor such as Microsoft SharePoint Designer. If the problem persists, contact your Web server administrator.


    Correlation ID:3cf59a60-7080-47fe-b3d0-d845d33e0fdc
    Unable to display this Web Part. To troubleshoot the problem, open this Web page in a Microsoft SharePoint Foundation-compatible HTML editor such as Microsoft SharePoint Designer. If the problem persists, contact your Web server administrator.


    Correlation ID:3cf59a60-7080-47fe-b3d0-d845d33e0fdc
Unable to display this Web Part. To troubleshoot the problem, open this Web page in a Microsoft SharePoint Foundation-compatible HTML editor such as Microsoft SharePoint Designer. If the problem persists, contact your Web server administrator.


Correlation ID:3cf59a60-7080-47fe-b3d0-d845d33e0fdc
Unable to display this Web Part. To troubleshoot the problem, open this Web page in a Microsoft SharePoint Foundation-compatible HTML editor such as Microsoft SharePoint Designer. If the problem persists, contact your Web server administrator.


Correlation ID:3cf59a60-7080-47fe-b3d0-d845d33e0fdc

Notifications