From 1 April 2010 levels of rates relief under the small business rate relief Scheme set at 100% for eligible properties with a combined Rateable Value (RV) of up to £10,000, 50% for those with a combined RV between £10,001 and £12,000 and 25% for those with a combined RV between £12,001 and £18,000.
From 1st of April 2017 small business rate relief will increase to 100% from £10,000 to £15,000 and 25% for those with a value between £15,001 to £18,000
Additionally, businesses rates relief will apply with multiple properties whose cumulative RV is £25,000 or less will be eligible for relief of 25% for each property with a rateable value less than £18,000.
There are are number of forms of business rate relief, where we can can give small business advice.
You have to apply for some types of relief:
- small business rate relief
- rural rate relief
- charitable rate relief
- enterprise zone relief
- hardship relief
Your council automatically applies:
- exempted buildings and empty buildings relief
- transitional relief if your rates change by more than a certain amount at revaluation
Contact us if you need help and think you might qualify.