On Wednesday 24 March 2010 the chancellor announced that he was introducing a temporary increase in the level of Small Business Rate Relief (SBRR) available to eligible businesses.

Taylor Davis has clarified this announcement and confirmed that this change will come into effect in October 2010 from 1 October 2010 to 30 September 2011 only.

Apparently, eligible business ratepayers will pay no rates on properties with rateable values up to £6000, with tapered relief of between 100% and 0% for properties with rateable values between £6001 and £12000.