Small Business Rates Relief
You may be eligible for small business rate relief if you occupy
only one property and your rateable value is below a certain
level.
You will be eligible for small business rate relief if your
rateable value is below £18,000:
- If your 2010 rateable value is £6,000 or below, the small business rate multiplier is used and the
bill will be reduced by 50 per cent.
- If your 2010 rateable value is between £6,001 and £11,999
inclusive, the small business rate multiplier is used and the bill
will be reduced on a sliding scale - from 50 per cent at the bottom
of the range to 0 per cent at the top. For example, if the rateable
value is £9,000, the bill will be reduced by 25 per cent.
- If your 2010 rateable value is between £12,000 and £17,999 the
small business rate multiplier is used only.
Between 1 October 2010 and 30 September 2012, eligible
ratepayers will receive small business rate relief at 100 per cent
on properties up to £6,000 (rather than 50 per cent), and a
tapering relief from 100 per cent to 0 per cent for properties up
to £12,000 in rateable value for that period.
The relief was originally doubled by the government until
September 2011, but this was extended by the Budget in March
2011.
If you have more than one business property, the relief is only
available if the rateable value of each of the other properties is
below £2,600. If this is the case, the rateable values of all the
properties will be combined and the relief is applied to the main
property based on the total rateable value.
Please contact the Business Rates
team on 01228 817234 If you wish to apply for
this relief.