Small Business Rate Relief
From the 1 April 2007 businesses with small, or low value premises were entitled to a reduction to the business rates usually charged.
A small business rate relief is normally a 50% reduction, but it is currently set at 100% reduction until 31 March 2014. To qualify you must be occupying one property with a Rateable Value (RV) up to £6,000. If it is above £6,000 the relief will decline in percentage terms on a sliding scale until at a RV of £12,000 the reduction is 0%. Relief can only be allowed on one property and is only available to ratepayers with either:-
- One property with a RV less than £18,000 or
- One main property and other additional properties, each of which has a RV under £2,600, where the aggregate RV is less than £18,000.
The scheme is funded through a supplement on the rate bills of those businesses not eligible for the relief. The bills for these businesses are calculated using the higher standard non-domestic multiplier, shown on the bill as "Multiplier with supplement”. Ratepayers of eligible properties with RVs between £12,000 and £18,000 do not have to contribute to this relief and their bills will be calculated using the lower multiplier.
Your application for relief must be received before the 30 September of the previous year.
You can apply for the small business rate relief using the to our online form below.
Date Updated: 15/03/13