This Order reduces the requirement on businesses to register annually for small business rate relief in England and Wales. 

The intention is that only one application will be required to cover the financial years 2007/08 - 09/10, and then from 2010/11 only one application will be required during the life of a valuation list (every 5 years).

There will however be a requirement on ratepayers to update their local authority with any change of circumstances likely to effect entitlement. Consultation is expected in March 2006, with a commencement date of October 2006.