Small business rate relief
Who can claim Small Business Rate Relief?
From 1 April 2017 any ratepayer who occupies a single non-domestic property within England, where the rateable value is less than £51,000 will be entitled to the following relief:
|Rateable Value of main property||Period||Amount of Small Business Rate Relief|
|£12,000 or less||01.04.2017||100%|
|£12,001 to £15,000||01.04.2017||100% to 0% on a scale of 1% for every £30.00 RV over £12,000|
|£15,000 to £51,000||01.04.2017||Small Business Rate Multiplier only|
The small business non-domestic rate multiplier for 2022-23 is 49.9 pence in the pound
The national non-domestic rate multiplier for 2022-23 is 51.2 pence in the pound
Since 1 April 2012 eligible properties with Rateable Values between £12,001 and £17,999 automatically had their rates calculated using the lower Small Business Rate multiplier instead of the standard National Non-Domestic multiplier.
From 1 April 2017 eligible properties with rateable values between £15,001 and £51,000 will automatically have their rates calculated using the lower Small Business Rate multiplier instead of the standard National Non-Domestic multiplier.
Where a ratepayer occupies a main property with a rateable value of less than £15,000 from 1 April 2017 but has additional properties with individual rateable values of less than £2,900 the relief will only be applied to the main property. The additional properties will be disregarded for relief purposes, but will be liable for the full rates bill. If the aggregate total of all the rateable values is more than £19,999 from 1 April 2017, Small Business Rate Relief will not apply, even to the main property.
If a ratepayer is in occupation of more than one property, and the rateable value of both properties is more than £2,899 from 1 April 2017, Small Business Rate Relief will not apply to either property. However, the Government has introduced additional support to small businesses. For those businesses that take on an additional property which would normally have meant the loss of Small Business Rate Relief, the Government has confirmed that they will be allowed to keep the relief for a maximum of 12 months.
Small business rate relief online form
Apply by post
Please print and send to the address below.