Small Business Rate Relief (SBRR)
From 1st April 2017, if you only use one property with a rateable value of £12,000 or less you will receive 100% relief, and if the rateable value is between £12,001 and £14,999, the relief is worked out on a sliding scale.
Rateable values up to £51,000 will be calculated using the small business multiplier.
If you occupy more than one business premises, then all of the additional properties must have a rateable value of less than £2,900 and the total rateable value of all the property must not exceed £19,999.
Small businesses losing some of all of their Small Business Rate Relief as the result of a rateable value increase will have the charge increase capped at £800.00 per year with relief provided by Supporting Small Business Relief (SSBR)
SSBR will help those ratepayers who at the revaluation are seeing large increases in their bills as a result of losing some or all of their:
a. Small Business Rate Relief or Rural Rate Relief,
b. 40% Retail Hospitality and Leisure Relief, and/or
c. 2023 Supporting Small Business Relief.
The ratepayer must notify us of changes in circumstances such as if they occupy any additional properties or if the rateable value of any of the properties increases.