Business rate reductions and exemptions
Small Businesses Rate Relief
Businesses may qualify for Small Business Rate Relief if they:
- occupy only one property in England and have a rateable value of less than £15,000
- occupy one main property and other additional properties, providing the additional properties do not have individual rateable values of more than £2,899 and the combined rateable value of all the properties is under £20,000
- qualify for small business rate relief when they occupy more than one property, can only be granted relief on the main property
The amount of relief available is on a sliding scale.
From 1 April 2017, Small Business Rate Relief doubled and the thresholds increased to benefit a greater number of businesses.
Properties with a rateable value of up to £12,000 will receive 100 per cent relief.
Properties with a rateable value between £12,000 and £15,000 will receive tapered relief and relief will gradually reduce from 100 per cent at £12,000 to 0 per cent at £15,000.