Small Business Rate Relief

Small Business Rate Relief

• a property that is in the non-domestic rating list
• only one business property in England, or
• one main business property and other additional business properties, providing the rateable value of each additional property is £2,599 or less  AND the combined rateable value of all the properties, including the main one, is less than £18,000.

Please be aware that, this relief cannot be allowed in respect of empty property. It also cannot be allowed if the ratepayer is entitled to mandatory relief as a charity, a community amateur sports club or under the rural rate relief scheme.

If relief is applicable:

• liability on the only or main property will be calculated using the small business multiplier, which for 2011/12 is 0.426.  Liability on any additional properties will be calculated using the standard multiplier of 0.433.  
• if the eligible property has a rateable value of £6,000 or less, small business rate relief of 50% will be allowed. (Note - for the period to 31.3.2013, 100% relief will apply). 
• if the rateable value is between £6,001 and £12,000 relief is allowed in accordance with a specified formula.  The result is that the higher the rateable value the less relief is allowed.
• if the rateable value is between £12,001 and £17,999 no relief is allowed but liability is calculated using the small business multiplier (0.426).