Small Business Rates Relief

If you run a small business, further help may be available to pay your bills, with Small Business Rate Relief (SBRR).  This relief supports small businesses who generally occupy only one property.  The relief is available at 50 per cent for eligible properties up to £6,000 rateable value and relief decreases at the rate of around 1 per cent per £100 of rateable value up to 0 per cent at £12,000.

In order to qualify for the relief you need to meet the following two criteria:

• Generally you can occupy only one property and it must have a rateable value under the threshold for the relief which is £18 000 (or £25,500 in Greater London); but

• If you occupy any additional properties, each of the additional properties must have a rateable value of no more than £2,599, and the total rateable value of all of the properties must be less than £18,000 (£25,500 in Greater London).

To apply for SBRR for the first time, ask your local authority for the one-page application form.  Further information on SBRR, including the different levels of SBRR, and other rate reliefs are available at:

www.businesslink.gov.uk/businessrates

Following the Budget announcement please click on the link below with regard to Small Business Rates Relief. http://www.communities.gov.uk/documents/localgovernment/doc/1522211.doc

For more information on Small Business Rates relief please click on the following;

Small Business Rate Relief update July 2011

Other Help

If you have any further queries regarding any of the above reliefs, or are unsure if you qualify, please call: 01902 696664

Contacts

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