If you occupy a single property with a rateable value under £15,000, from 1 April 2017 you can get a discount on Business Rates, called small business rate relief.
Small business rate relief is calculated on a sliding scale:
-
properties with a rateable value of up to £12,000 get 100% relief
-
for properties with a rateable value between £12,001 and £15,000, relief goes down gradually from 100% at £12,001 to 0% at £15,000
Percentage relief available
Since 1 April 2017, businesses who occupy only one property with a Rateable Value (RV) below £12,000 do not pay any rates.
This table shows the percentage relief available for each rateable value to businesses who occupy a single property having a (RV) between £12,000 and £15,000, for the financial year 2022/2023.
These figures are based on the small business non-domestic multiplier for 2022/2023 which has been set by central government at 49.9p in the pound. If they meet the qualifying criteria, it may be possible for some businesses to claim this relief back over 6 years.
RV=Rateable Value
£=amount payable after claiming small business rates relief for financial year 2022/2023
Contents
12,050 to 12,750
| Rateable Value (RV) | % relief |
|---|---|
| 12,050 | 98.33 |
| 12,100 | 96.667 |
| 12,150 | 95 |
| 12,200 | 93.333 |
| 12,250 | 91.667 |
| 12,300 | 90 |
| 12,350 | 88.333 |
| 12,400 | 86.667 |
| 12,450 | 85 |
| 12,500 | 83.333 |
| 12,550 | 81.667 |
| 12,600 | 80 |
| 12,650 | 78.333 |
| 12,700 | 76.667 |
12,800 to 13,450
| Rateable Value (RV) | % relief |
|---|---|
| 12,750 | 75 |
| 12,800 | 73.333 |
| 12,850 | 71.667 |
| 12,900 | 70 |
| 13,000 | 68.333 |
| 13,050 | 66.667 |
| 13,100 | 65 |
| 13,150 | 63.333 |
| 13,200 | 61.667 |
| 13,250 | 60 |
| 13,300 | 58.333 |
| 13,350 | 56.667 |
| 13,400 | 55 |
| 13,450 | 53.333 |
13,500 to 14,150
| Rateable Value (RV) | % relief |
|---|---|
| 13,500 | 50 |
| 13,550 | 48.333 |
| 13,600 | 46.667 |
| 13,650 | 45 |
| 13,700 | 43.333 |
| 13,750 | 41.667 |
| 13,800 | 40 |
| 13,850 | 38.333 |
| 13,900 | 36.667 |
| 13,950 | 35 |
| 14,000 | 33.333 |
| 14,050 | 31.667 |
| 14,100 | 30 |
| 14,150 | 28.333 |
14,200 to 15,000
| Rateable Value (RV) | % relief |
|---|---|
| 14,200 | 26.667 |
| 14,250 | 25 |
| 14,300 | 23.333 |
| 14,350 | 21.667 |
| 14,400 | 20 |
| 14,450 | 18.333 |
| 14,500 | 16.667 |
| 14,550 | 15 |
| 14,600 | 13.333 |
| 14,650 | 11.667 |
| 14,700 | 10 |
| 14.750 | 8.333 |
| 14,800 | 6.667 |
| 14,850 | 5 |
| 14,900 | 3.333 |
| 14,950 | 1.667 |
| 15,000 | 0 |
These figures may vary by a few pence due to variations in decimal point calculations.
If you occupy more than one building
You can still get small business rate relief if your main building has a rateable value of less than £15,000, your other buildings each have a rateable value below £2,900, and the total of all buildings is less than £20,000.
The relief is calculated on the rateable value of the main building only.
If you're already receiving Small Business Rate Relief and you grow to occupy a second property, you may be able to keep your existing relief for 12 months by contacting our Business Rates Team.
Apply for small business rate relief
If your rateable value is between £15,000 and £51,000
If your rateable value is under £51,000 you are considered a small business and you will pay lower rates even if you aren't eligible for small business rate relief.
This is because your rates are worked out using the small business multiplier.
You don’t need to apply for this. We’ll automatically adjust your Business Rates if you qualify.
You can see the current multipliers on the Valuation Office Agency website. Find out how business rates are calculated from multipliers.
After you've applied for Small Business Rate Relief
We will assess your application and send you an amended bill if you qualify. You will need to notify us about any changes that may affect your entitlement to rate relief or an exemption.