Small Business Rate Relief may be available to you if your business premises rateable value is under £15,000. It means that you would get a discount on your Business Rates bill.
Small Business Rate Relief may be available to you if your business premises rateable value is under £15,000. It means that you would get a discount on your Business Rates bill.
Business rates are charged on most non-domestic properties, like:
- shops
- offices
- pubs
- warehouses
- factories
- holiday rental homes or guest houses
Small business rate relief
You can get small business rate relief if:
- your property’s rateable value is less than £15,000
- your business only uses one property - you may still be able to get relief if you use more
Contact your local council to apply for small business rate relief.
What you get
You will not pay business rates on a property with a rateable value of £12,000 or less.
For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%.
Examples
If your rateable value is £13,500, you’ll get 50% off your bill. If your rateable value is £14,000, you’ll get 33% off.
If you use more than one property
When you get a second property, you’ll keep getting any existing relief on your main property for 12 months.
You can still get small business rate relief on your main property after this if both the following apply:
- none of your other properties have a rateable value above £2,899
- the total rateable value of all your properties is less than £20,000 (£28,000 in London)
For advice and support on business rates, get in touch with our friendly business advisors.