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 £600.00 per year, or £50.00 per month.
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.