Rate relief for small businesses
From 1 April 2017, if you occupy a property with a rateable value of less than £50,999 (and you're not entitled to other mandatory relief or are liable for unoccupied property rates) your bills will be calculated using the lower small business non-domestic rating multiplier.
In addition, generally, if the sole or main property* is shown on the rating list with a rateable value below £15,000, you'll receive a percentage reduction in your rates bill.
This small business rate relief guide shows how much you might pay in 2021-22:
For a property with a rateable value of not more than £12,000, you'll receive a 100% reduction in your rates bill.
Generally, this percentage reduction is only available if you occupy either:
- one property, or
- one main property and other additional properties, as long as those additional properties each have a rateable value below £2,899.
The rateable value in both these cases must not exceed £19,999 on each day for which relief is being sought.
Businesses that take on an additional property which would normally have meant the loss of SBRR, will be allowed to keep that relief for 12 months.
If you're eligible but haven't received the relief, contact us.
* Please note that you can only receive this type of relief on one property within England and Wales.