Small Business Rate Relief

Small Business Rate Relief

Information on small business rate relief - what is it and how to apply.

More information

Your annual Business Rates bill is calculated by multiplying your property’s rateable value (as assessed by the Valuation Office Agency) by the multiplier, or ‘rate in the pound’ (as set by the Government). Properties with a rateable value below £51,000 are calculated using a small business multiplier.

The small business multiplier changes each year. The multiplier for the current year may be found on the Valuation Office Agency website.

For the tax year 2017/18, the small business multiplier is 46.6p. Therefore, if your rateable value is £15,000, your bill for the year would be £6,990 (less any other Reliefs you are entitled to).

As a ratepayer, if you occupy a single property with a rateable value below £15,000, you will also be entitled to relief as follows:

Rateable value of main property

Period                

Amount of small business rate relief

 

 

£1 to £6,000

 

 

 

 

£1 to £12,000

 

 

01/04/10 to 30/09/10

 

 

50% relief (using the small business multiplier)

01/10/10 to 31/03/17

 

01/04/17 to

31/03/22

100% relief (using small business multiplier)

 

 

100% relief (using small business multiplier)

£6,001 to £12,000

 

 

 

 

 

£12,000 to £15,000

01/04/10 to 30/09/10

50% relief reducing on a sliding scale of 1% for each £120 RV over £6,000 (using the small business multiplier)

01/10/10 to 31/03/17

 

01/04/17 to

31/03/22

100% relief reducing on a sliding scale of 1% for each £60 RV over £6,000 (using the small business multiplier)

100% relief reducing on a sliding scale of 1% for each £30 RV over £12000 (using the small business multiplier)

 

Small Business Rate Relief is based on your occupation of a single property. However, if you occupy additional properties, these can be disregarded if the following applies:

• the additional properties must have a rateable value of less than £2,900 each (£2,600 prior to 01/04/17), and
• the combined rateable value of all properties is less than £20,000 (£18,000 prior to 01/04/17).

In this case, relief will apply to your main property only.