Business Rates in the City
If you have a business rates account with the City of London Corporation you can register for self service using the button above.
UK Government Support for Business
COVID-19 Additional Relief Fund (CARF)
The guidance for the above relief has been released by Central Government. Please see the following link: COVID-19 Additional Relief Fund (CARF): local authority guidance - GOV.UK (www.gov.uk)
City of London COVID-19 Additional Relief Fund (CARF) Scheme
Please see the following link to the City of London CARF Scheme: City of London CARF Scheme - City of London
The government guidance advises that Subsidy Control (formerly State Aid) will apply to this relief through the Small Amounts of Financial Assistance Allowance and the Covid-19 Additional Relief Fund Allowance. This means, that businesses can receive the CARF allowance providing the business has not received more than £2,243,000 in State Aid / Subsidy Control within the last 3 years. Furthermore, a business that has exceeded this limit could still receive a further £10m if it meets specific Subsidy Control eligibility criteria under the Covid-19 Additional Relief Fund Further Allowance element of Subsidy Control. It is the responsibility of the business to notify the City if they will exceed the subsidy limit so that the relief can be removed.
Under the business rates retention arrangements, introduced from 1 April 2013, local authorities keep a proportion of business rates raised.
However, due to the amount of rates collected by the City of London Corporation, it pays a tariff to central Government to be redistributed to local government. As a result, the amount retained is quite small compared with the amount collected.
The City Corporation share of rate income and the income from its council tax payers is used to pay for the services provided by us and other local authorities in your area.
Because of its special circumstances - notably its very small resident population and high daytime population - the City Corporation can set its own rate and retain part of the proceeds to help pay for the services it provides. The City Corporation keeps the sum resulting from the premium which has been levied, following consultation, to further enhance the Police Service, security, resilience and contingency planning in the City.