The Chancellor announced in his budget of 21 March 2012, that the temporary changes to the small business rate relief scheme will continue for another 12 months, to 31 March 2013.
The small business rate relief scheme allows eligible ratepayers relief at 100 per cent on properties with rateable values up to £6,000 with a tapered relief of between 100 per cent and 0 per cent for properties with rateable values between £6,001 and £12,000.
New Forest's Tax and Benefit Service is responsible for the billing and collection of around £60M a year from about 6,400 non-domestic ratepayers.
The rates collected are paid into a central pool and nationally redistributed to billing authorities.
New Forest District Council's share of this redistributed rate income, together with income from its Council Tax, Revenue Support Grant provided by the Government and certain other sums, is used to pay for the services provided by the Council.
in 2009/10, £9.3M (41%) of the Council's £22.7M budget requirement came from redistributed non-domestic rates,
in 2010/11, £10.154M (44%) of the Council's £23.104M budget requirement came from redistributed non-domestic rates,
in 2011/12, £6.812M (33%) of the Council's £20.404M budget requirement came from redistributed non-domestic rates.
More information on business rates: Information letters to councils from Department for Communities & Local Government