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Can I qualify for small business rate relief?

This is a scheme to help small businesses get up to 100% off their bill.

The government have announced changes to small business rate relief from 1 April 2017.
The new criteria are:

  • Qualifying businesses with a property with a rateable value of £12,000 and below receive 100% relief
  • Qualifying businesses with a property with a rateable value between £12,001 and £15,000 receive relief on a sliding scale

This relief is only available on one main property to rate payers who apply to their local authority and who occupy either - 
(a) one property with a rateable value less than £15,000
(b) one main property and other additional properties providing those additional properties each have a rateable value which does not exceed £2,899 and the total value of all properties does not exceed £19,999 

The additional properties cannot qualify for this relief.

If your property has a rateable value below £51,000 your bill will be calculated using the small business multiplier (49.9p 2020/21) as opposed to the standard multiplier (51.20 2020/21)

Relief can be backdated up to 6 years.

You can find your Rateable Value on your bill or by searching with the Valuation Office Agency.

You can apply for small business rate relief here. You will need your business rates account number; you can find this on your business rates bill. If you have recently moved into a business premises and not yet registered with us please provide your details Moving business premises

If you have any queries please contact Business Rates.

 

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