Introduction
100% small business relief may be applicable to ratepayers who occupy either:
- One business premises in England with a rateable value of £12,000 or less, or;
- One main business premises in England with a rateable value of £12,000 or less, where any additional properties have a rateable value of less than £2,900, and the combined rateable value of all properties is less than £20,000 RV.
The relief may only be awarded to one business premises.
For eligible businesses with a rateable value between £12,001 - £15,000, the level of small business relief decreases on a sliding scale by 1% for every £30 of rateable value. Liability for rateable values of less than £51,000 (which are occupied and not a charity) are automatically calculated using the small business rating multiplier only.
Please note: That certain changes in your circumstances will need to be notified to the Council to ensure that your entitlement to small business relief remains. The changes which should be notified are:
- Taking occupation of an additional property within England
- An increase in the rateable value of a property you occupy in a different council area