Small Business Rates Relief
From 1 April 2007 the Rural Rate Relief scheme is revoked and replaced by the National Assembly for Wales's Small Business Rate Relief scheme.
Occupiers of:
(a) certain hereditaments with a rateable value of £2,000 or less are entitled to rate relief at 50% of the full rates bill;
(b) certain hereditaments with a rateable value of more than £2,000 but not more than £5,000 are entitled to rate relief at 25% of the full rates bill;
(c) post offices (and hereditaments which include a post office) with a rateable value of not more than £9,000 are entitled to rate relief at 100% of the full rates bill; and
(d) post offices (and hereditaments which include a post office) with a rateable value of more than £9,000 but not more than £12,000 are entitled to rate relief at 50% of the full rates bill.
In the cases of (a), (b) and (d) above billing authorities have discretion to provide relief in respect of all or part of the remaining 50% or 75% as the case may be.