Rate relief
Apply for rate relief
Apply for small business rate relief
What is small business rate relief?
The Government has introduced a relief scheme for ratepayers who either:
- Occupy only a single non-domestic property in England, which has a rateable value (on the first day, and each subsequent day, of the financial year in respect of which the relief is being claimed) of less than £15,000
or
- Occupy more than one non-domestic property in England, where:
- The rateable value of the property for which relief is being claimed is less than £15,000 (on the first day, and each subsequent day, of the financial year in respect of which the relief is being claimed)
- The sum of the rateable values of the occupied properties (during the period in respect of which the relief is being claimed) is less than £15,000
- The rateable value of each of the occupied properties (apart from the property for which relief is being claimed) is less than £2,200 (during the period in respect of which the relief is being claimed).
Qualifying ratepayers who claim the relief in respect of a property whose rateable value ranges from £10,000 to £14,999, will not have to pay the small business rate relief supplement.
The small business rate relief scheme will be financed by a supplement on the rate multiplier (of no more than 2.5%), to be used in the calculation of the rates bills for all ratepayers who are not entitled to claim small business rate relief.
An application for small business rate relief can be made up to 6 months before the start of the valuation period, and up to 6 months after the end of the valuation period (or up to 6 months after the Valuation Office issue a notice reducing a property’s rateable value (in respect of an earlier valuation period) below the thresholds, whichever is the later date).
Apply for small business rate relief