Small Business Rate Relief

Small Business Rate Relief is available to ratepayers who occupy a single business premises and meet certain conditions.

From 1st April 2017 these are the conditions for Small Business Rates Relief

  • You will receive 100% relief, if you only use one business premises with a rateable value of £12,000 or less.
  • If the rateable value of the premises is between £12,001 and £14,999, the relief is worked out on a sliding scale.
  • If the rateable value is between £15,000 and £50,999, the relief will be calculated using something called the small business multiplier.
  • If you occupy more than one business premises, then all of the additional premises must have a rateable value of less than £2,900 AND the total rateable value of ALL the premises must not exceed £19,999 to attract Small Business Rate Relief.

Small businesses losing all or some of their Small Business Rate Relief, as the result of the 2017 revaluation will have the charge increase capped at £600 per year, or £50 per month for 2017/18.

The ratepayer must notify the Council of changes in circumstances such as if they occupy any additional premises or if the rateable value of any of the premises increases. From 1st April 2014 onwards, a ratepayer who takes on a second premises may not lose their existing relief for a period of 12 months.

 

Small Business Rate Relief can be applied retrospectively

Prior to 1st April 2017 these were the conditions for Small Business Rates Relief

 

To apply for Small Business Rate Relief visit our Do it online page, choose your council and select Business Rates forms.