Small Business Rates Relief from April 2017
To qualify for the relief you must meet the following criteria:
- You occupy only one business property in England and the rateable value of that property is less than £15000 (although businesses in receipt of the relief can keep it for an additional year if they take on an additional property that would previously have caused them to lose it); or
- You occupy a main property with a rateable value of less than £15,000 but also occupy other properties (including any car parking spaces) each with rateable values under £2,900 and the total rateable value of all them does not exceed £19,999. Relief can only be awarded on the property with the highest rateable value.
Eligible ratepayers whose properties have a rateable value of £12000 or less receive 100% relief from 1st April 2017, and those businesses with rateable values between £12,001 and £14,999 receive tapered relief reducing by 1% for every £30 of rateable value above £12000. For example an eligible property with a rateable value of £13500 will receive relief of 50%.
The threshold for the standard business rates multiplier will also increase from a rateable value of £18,000 to £51,000, meaning that bills for occupied properties with a rateable value below £51000 will be based on the lower Small Business Non Domestic Rates multiplier of 0.466 in 2017/18.
If you believe that you are entitled to small business relief please download, complete and return the application form (PDF 0.1MB).
Small Business Rates Relief before April 2017
Properties with a rateable value of less than £6,000 receive relief of 100% off their rates from 1st October 2010. For properties with rateable values between £6,000 and £12,000 relief of between 99% and 1% is awarded, reducing by 1% for every £60 of rateable value above £6,000.