Small Business Rate relief
This relief is aimed at helping small businesses where they are not entitled to another mandatory relief. Relief is based on the Rateable Value (RV) of your business in the relevant valuation period.
Who qualifies?
Businesses that occupy only one property in England and have an RV of less than £15,000 (£12,000 prior to April 2017).
Businesses may qualify if they occupy one main property and other additional properties, providing that the additional properties do not have individual RVs of more than £2,899 (£2,599 prior to April 2017) and the combined RV of all the properties is under £20,000 (£18,000 prior to April 2017).
Businesses that qualify for small business rate relief when they occupy more than one property, can only be granted relief on the main property.
How much relief will I get?
Relief is on a sliding scale.
From April 2010 to 31 March 2017 properties with an RV of up to £6,000 receive 100 per cent relief.
Properties with an RV between £6,000 and £12,000, will receive tapered relief and relief will gradually reduce from 100 per cent at £6,000 to 0 per cent at £12,000.
From 1 April 2017 Small Business Rate Relief (SBRR) properties with an RV of £12,000 or less receive 100 per cent relief.
Properties with an RV between £12,001 and £15,000 will receive tapered relief and relief will gradually reduce from 100 per cent at £12,000 to 0 per cent at £15,000.
Apply for a small business rate relief online
If you would like to discuss how much relief you might qualify for or to speak about other reliefs then please contact us.