From 1st April 2017, 100% Small Business Rate Relief (SBRR) may be given where the Rateable Value (RV) of an occupied property is less than £12,000.
SBRR entitlement is tapered for properties with an RV between £12,000 and £15,000 such that properties above this threshold, will not qualify the ratepayer for SBRR.
The threshold for eligibility to the small business rates multiplier has increased to £51,000. For periods prior to 31st March 2024, only occupied properties can qualify. From 1st April 2024, unoccupied properties and charities are also eligible. This means that if a property has an RV between £1 and £51,000, Business Rate liability will be calculated using the Small Business Rate Multiplier not the Standard Multiplier, which is higher.
These rateable value limits have not changed following the 2023 Revaluation.
When you have more than one property
If a ratepayer occupies more than one property in England, they may be eligible for SBRR on their main property. However, the RV of each of the additional properties they occupy must be no more than £2,899 and the combined total RV for all of the properties (i.e. including their main one) is no more than £28,000.
If a ratepayer takes on another property, they can still receive SBRR on the original property for up to 12 months.
Find out the rateable value of your property:
Apply for SBRR
To apply you will need to:
- Download and complete the Small Business Rate Relief application form.
- Scan the completed application form using either a scanner or taking a picture of it using your mobile phone.
- Send the scanned/ pictured image to your computer e.g. by email or text.
- Attach the image and answer the questions on the evidence form.