From 1 April 2017 the qualifying thresholds for small business rates relief changed.

The small business rate relief scheme now provides a maximum of 100% mandatory rate relief for properties with a rateable value up to £12,000, with relief declining on a sliding scale until, at a rateable value of £15,000, there is no entitlement.

This means that:

  • if you are occupying only one property with a rateable value of below £12,000 you will pay no rates at all
  • if you are occupying only one property with a rateable value of between £12,000 and £15,000 you will benefit from a discount on your bill
  • eligible ratepayers with rateable values below £51,000 will have their bills calculated using the small business multiplier

You cannot receive small business rates relief on unoccupied properties.

If you use more than one property

When you occupy a second property, you’ll keep receiving existing relief on your main property for 12 months.

You can still benefit from small business rate relief on your main property after this if both the following apply:

  • none of your other properties have a rateable value above £2,899
  • the total rateable value of all your properties is less than £20,000

Tell us about a change of circumstances

You must contact us and tell us if:

  • you occupy an additional property
  • the rateable value of a property you occupy in another local authority area increases

Even if you don’t qualify for small business rates relief, providing your RV is less than £51,000 your bill will be calculated using the small business multiplier, which is lower than the standard multiplier. The correct multiplier is automatically applied to your bill and therefore, there is no need to apply ask for us to use the lower value.

  • standard national non-domestic rating multiplier (51.2p in 2021/2022)
  • lower small business non-domestic rating multiplier (49.9p in 2021/2022)

Please note where a mandatory rural relief or charity relief applies the business will receive the mandatory relief instead of SBRR and the standard multiplier will apply.

If you would like to apply for this relief or require further information contact us.

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