Small Business Rate relief

Eligible businesses with rateble values below £5000 will get 50% rate relief on their liability. The relief will decrease on a sliding scale of 1% for every £100 of rateable value over £5000 up to £9999.

Small business with a rateable value of £10000 to £14999 (outside London) will have a lower multiplier used to calculate their rate bill.

The relief is available to ratepayers with either:

(a) one property

(b) one main property and other additional properties, provided  the additional properties do not have individual rateable value of more than £2200 and the combined rateable value of all the properties is under £15000. The threshold for the combined rateable value is dependant on the location of the main property.

The Small Business Rate Relief scheme is funded by a supplement on the rate bill of those businesses not eligible for the relief. This supplement is built into the standard multiplier.