Businesses with rateable values of below £5,000 will get 50% rate relief. This relief will decrease on a sliding scale of 1% for every £100 of rateable value over £5,000, up to £10,000. Properties with a rateable value between £10,000 and £15,000 will be eligible to pay on a lower multiplier. The relief is available to ratepayers with either:
- One property or
- One main property and other additional properties, providing the additional properties do not have individual rateable values of more than £2,200 and the combined rateable value of all the properties is under £15,000
Unoccupied properties do not qualify for small business rate relief.
You must apply for the relief each year and be eligible to receive it on 1st April each year. If your business ceases to be eligible on any day during the year in question, the relief will cease on that day.
If you consider yourself eligible for this relief, please complete and return the small business rate relief form as soon as possible and in any case within six months of the end of the financial year to which it relates.