Small business rate relief (SBRR)
Small business rate relief (SSBR) is a national discount scheme administered by the council on behalf of the Government. It is awarded on a sliding scale depending on the size of your Rateable Value (RV).
The maximum amount of discount is 100%. This means you may be able to reduce your bill to nothing, depending on your Rateable Value (RV).
2017 Scheme (1st April 2017 onwards)
Businesses with a property with a rateable value of £12,000 and below will receive 100% relief. Businesses with a property with a rateable value between £12,001 and £14,999 will receive tapered relief. However, please note that the Valuation Office Agency have re-assessed all rateable values, with the revaluation taking effect 1 April 2023. This means that some businesses previously not eligable may now be able to receive this relief and for others they may no longer be entitled to it or the amount of small buisness rate releif may have reduced. There is however a temporary discretionary supporting small business relief avaialbe for those businesses that have been negativly affected by this.
Further information on rateable values can be found at The Valuation Office Agency.
How much reduction will I get?
- if the rateable value is £12,000 or less, you will get a 100% discount;
- if the rateable value is between £12,001 and £14,999, the discount is calculated on a sliding scale. For example, you will get a 50% discount if your rateable value is £13,500
- If your rateable value is £15,000 or over, no Small Business Rate Relief can be awarded.
Do I qualify?
To qualify for relief, you must occupy either:
- one property with a rateable value of less than £15,000 or
- one main property and other additional properties providing the additional properties each have a rateable value below £2,900, and the total rateable value of all your properties is below £20,000
- there are changes to Small Business Rate Relief for those who are occupying a second property on or after 14 February 2014. In previous years, if you took on a second property with a rateable value of more than £2,499, you would no longer qualify for Small Business Rate Relief. From 14 February 2014 you will continue to receive Small Business Rate Relief on your first property for 12 months, even if you take on a second one. From 1 April 2017 this threshold rose to £2,899.
- When applying for SBRR please note this reduction can only be applied to one account.
- Relief is only applicable to occupied properties where the ratepayer is not entitled to mandatory relief as a charity.
Change in circumstance
If you occupy another property after SBRR is applied on an existing property, you should notify the council to see if relief can still be awarded;
- Where the rateable value of any other property or properties you occupy increases above £2,900 and collectively above £20,000
- The property becomes unoccupied.
How to apply
Can SBRR be backdated?
Yes, relief can be backdated as far back as 1st April 2017, providing you have met the qualifying criteria throughout.
Further changes from 1 April 2017
You'll pay the small business multiplier if your property has a rateable value below £51,000.
Important information
- Empty properties do not qualify for SBRR.
- Ratepayers in receipt of mandatory charity relief do not qualify for SBRR.
- You must notify us within 28 days of any changes in your circumstances that may affect your entitlement to relief; e.g if you become liable for an additional property or extend your current premises.
- If you make a false declaration you can be fined, imprisoned or both.