Business rate relief of 50% is available for ratepayers occupying a single property with a rateable value up to £6,000. Relief declines in percentage terms on a sliding scale until it is 0% at £12,000.
The Government has temporarily changed the rules of the scheme - from 1 October 2010 to 30 September 2012 the relief will be 100% for properties up to and including £6,000 rateable value, with tapered relief of between 100% and 0% for properties with rateable values between £6,001 and £12,000.
The relief is only available to ratepayers with either:
- one property, or
- one main property and other additional properties providing those additional properties have rateable values less than £2,600.
In addition ratepayers who meet the above conditions but their property has a rateable value of between £12,000 and £17,999 will have their bill calculated using a small business multiplier.
The multiplier is used by us when calculating your business rates bill. It indicates the percentage, or pence in the pound, of the rateable value that you will pay in business rates. For more details see Business Link's webpage on current multipliers.
To make an application please complete the small business rate relief application form for the period 1 April 2010 to 31 March 2015, this also includes further information about the scheme.
