Example of Small Business Rate Relief Entitlement

Small Business Rates Relief 2023/24

These figures are based on the Small Business non-domestic multiplier for 2023/24 which has been set by central government at 49.9p in the pound.

Since the 1st April 2017 businesses occupying only one property with a rateable value of £12,000 or less should be paying NO rates.

The table below shows the rates payable from April 2023 by businesses able to claim Small Business Rates Relief, who occupy a single property having a Rateable Value between £12,000 and £15,000, for the financial year 2023/24.

Key: RV - Rateable Value

£ - Amount payable after claiming Small Business Rates Relief for financial year 2023/24 - N.B. These figures are for guidance only and may vary by a few pence due to variations in decimal point calculations

RV

 Charge

15000

7485.00

14950

7335.72

14900

7187.26

14850

7039.64

14800

6892.85

14750

6746.90

14700

6601.77

14650

6457.48

14600

6314.01

14550

6171.38

14500

6029.58

14450

5888.62

14400

5748.48

14350

5609.18

14300

5470.70

14250

5333.06

14200

5196.25

14150

5060.28

14100

4925.13

14050

4790.82

14000

4657.33

13950

4524.68

13900

4392.86

13850

4261.88

13800

4131.72

13750

4002.40

13700

3873.90

13650

3746.24

13600

3619.41

13550

3493.42

13500

3368.25

13450

3243.92

13400

3120.41

13350

2997.74

13300

2875.90

13250

2754.90

13200

2634.72

13150

2515.38

13100

2396.86

13050

2279.18

13000

2162.33

12950

2046.32

12900

1931.13

12850

1816.78

12800

1703.25

12750

1590.56

12700

1478.70

12650

1367.68

12600

1257.48

12550

1148.12

12500

1039.58

12450

931.88

12400

825.01

12350

718.98

12300

613.77

12250

509.40

12200

405.85

12150

303.14

12100

201.26

12050

100.22

12000

0.00

 

 

 

For further advice on Small Business Rate Relief, and other reliefs available to local businesses, please check the information available on this website or contact the Business Rate Section on 01264 368000 or email businessrates@testvalley.gov.uk