Small businesses rate relief | Business rate reductions and exemptions | Rugby Borough Council

Business rate reductions and exemptions

Small businesses rate relief

Small business rate relief usually stands at 50 per cent for ratepayers occupying single properties with a rateable value of up to £6,000, with relief decreasing in percentage terms up to a rateable value of £12,000.

From the financial year 2013/2014, the government doubled the amount of relief available, meaning ratepayers occupying single properties with a rateable value of up to £6,000 can claim 100 per cent relief.

Relief can only be claimed by ratepayers with:

  • one property, or
  • one main property and other additional properties providing those additional properties have rateable values less than £2,599.

The rateable value of the single property or the aggregate rateable value of all properties must be less than £18,000.

Ratepayers must apply for small business rate relief and must be eligible on the 1 April each year. Provided the ratepayers circumstances do not change, the application need not be renewed until the next revaluation of non-domestic properties in 2017.

If a ratepayer ceases to be eligible on a day during the year, the relief stops immediately.

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