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