Rates deferment offer to North Devon businesses
BUSINESSES across North Devon are being offered the chance to defer paying part of their business rates to help them through the recession. Last month, the Government announced that it will allow ratepayers to defer paying 60 per cent of the increase in
BUSINESSES across North Devon are being offered the chance to defer paying part of their business rates to help them through the recession.
Last month, the Government announced that it will allow ratepayers to defer paying 60 per cent of the increase in their 2009/10 business rate bills, and make up the difference in the following two years.
As a result, North Devon Council is sending out letters to all businesses in the district, offering them the option to defer payments.
Councillor David Luggar, Lead Member for Revenues and Benefits, said: "This scheme offers businesses the flexibility to help manage their rates bills in the current economic climate. This could lead to significant savings for some companies and individuals - for example, a business paying a rates bill with a �600 rise this year would have the option of deferring �360 of this increase to future years. Therefore it's worth people reading the letters that come through their door to see if it's an option for them."
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The deferred payment scheme is due to take effect in November. Until this time, businesses are being reminded that it is vital they keep paying their current rates, as they could face collection and enforcement procedures if they miss a scheduled instalment.
If businesses require any further help or advice, they can phone (01271) 388361, email email@example.com, or pop in to one of these offices:
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* Lynton House, Barnstaple, Monday to Friday, 8.45am to 4pm
* The Ilfracombe Centre, Monday to Friday, 9am to 5pm
* The Amory Centre, South Molton, Monday to Friday, 9am to 5pm.