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 1 April 2017 (and the current position) small business rates relief was amended to 100% for RV's between £10,000 and £15,000 and 25% for RV's between £15,001 and £18,000.
Additionally, business rates relief will apply with multiple properties whose cumulative RV is £35,000 or less will be eligible for relief of 25% for each property with an RV 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, such as:
- small business rate relief (SBBS)
- rural rate relief
- charitable rate relief
- enterprise zone relief
- renewable energy relief
- disabled persons 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
Please Contact us if you need help and think you might qualify.