On 31st March 2009, the Chancellor of the Exchequer announced a scheme on the deferral of business rates liabilities in 2009/10.
For details of the scheme please see the attached Deferral scheme fact sheet
The regulations that bring this scheme in to force take effect from 31st July 2009. In the majority of cases the scheme allows business ratepayers to defer 3% of their 2009/10 business rate account and pay this sum over the following 2 financial years, 2010/2011 and 2011/2012. Further information on the scheme and how it works can be found in the Government leaflet 'Help with Business Rates Bills' which can be accessed in the downloads on the right.
If you wish to take advantage of this scheme then you are required to make a formal application. The application form can also be found in the downloads.