Small business rates relief
Small business rates relief with effect from 1 April 2017
With effect from 1 April 2017, small businesses with a rateable value of less than £15,000 may qualify for a reduction from their full rate bill.
For example:
- Businesses with a rateable value below £12,000 get 100% relief on business rates, if they meet certain conditions.
- Businesses with a rateable value between £12,000 and £15,000 get some relief on business rates, depending on the value. There's more relief the closer the value is to £12,000, and less relief the closer it is to £15,000. They also must meet certain conditions.
- Businesses with a rateable value of £15,000 or more do not get any relief on business rates
To qualify for the relief, ratepayers must meet the following conditions:
- the sole or main property they occupy must have a rateable value of less than £15,000 and
- if they occupy any other properties, each of the other properties must have a rateable value of less than £2,900. The total rateable value of all properties must be less than £20,000. We will apply relief to the property with the highest rateable value.
If you are receiving small business rate relief and take on another property which would usually disqualify you from receiving relief, you will continue to receive the existing relief for 12 months if your eligibility ceases up to 26 November 2025 and for 3 years if your eligibility ceases from the 27 November 2025 onwards.
