Business rate reliefs

Small business rate relief

Eligible businesses with rateable values of below 12,000 will get 100% rate relief on their liability. This relief will decrease on a sliding scale by an estimated 1% for every 30 of rateable value over 12,000, up to 14,999. The exact decrease will be calculated on application.

The relief is available to ratepayers with either:

  • one property, or
  • one main property and other additional properties, providing the additional properties do not have individual rateable values of more than 2,899, and the combined rateable value of all the properties is under 19,999.

The threshold for the combined rateable value is dependent on the location of the main property.

The main property is the only one that will have the relief applied to it.

The additional properties will have their charges calculated using the standard multiplier.

In addition to this relief on liability, eligible businesses with rateable values of between 15,000 and 50,999 will have their liability calculated using the small business multiplier.

The Small Business Rate Relief scheme is funded by a supplement on the rate bill of those businesses not eligible for the relief. This supplement is built into the standard multiplier.

Eligible ratepayers must apply for the % relief, however those with rateable values between 15,000 and 50,999 will not need to where the property is occupied. If your business ceases to be eligible on a day during the financial year, the relief will cease on that day.

If your rateable value increases, this may cause you to lose your Small Business Rate Relief. You must continue to advise the council if there are any changes to your circumstances which may affect your entitlement to Small Business Rate Relief.

Please note that applications under the previous scheme can allow relief backdated to 1 April 2012.

If you think you are eligible, please contact our business rates team on 01543 308900 or email or email [email protected]