Small business rate relief

This relief is aimed at helping small businesses where they are not entitled to another mandatory relief. Ratepayers who occupy a property with a rateable value which is not more than £50,999 will have their bill calculated using the lower small business rate multiplier.

Eligibility

  • One property, or
  • One main property and other additional properties providing those additional properties each have a rateable value which does not exceed £2,899.

Rateable value of property

Relief will be applicable if the rateable value of your main property is below £15,000, and secondary properties (in England) have an individual rateable value of below £2,900, or are empty, and the total combined rateable values of all occupied property is below £28,000. Relief is only applicable to occupied properties where the ratepayer is not entitled to mandatory relief as a charity.

Rate relief for eligible businesses

Eligible businesses with rateable values of below £12,000 receive 100% rate relief on their liability. This relief decreases on a sliding scale of 1% for every £30 of rateable value over £12,000, up to £15,000.

Eligible businesses with rateable values of between £15,001 and £50,999 will have their liability calculated using the small business multiplier.

  • The small business rate multiplier is 49.1p
  • The standard rate multiplier is 50.4p

Small businesses already receiving relief will be able to continue to receive it without reapplying provided that they remain eligible for it.

If your change in circumstances is such that you are no longer eligible for the relief, entitlement will end from the date of change.

Small business rate relief application form (pdf 348KB)

Advertisement