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Small Business Rate Relief

View General Explanatory Notes for 2017/2018

Small Business Rate Relief (SBRR)

If you run a small business, further help may be available to pay your bills, with Small Business Rate Relief (SBRR). This relief is only available to ratepayers who apply to their local authority and an application form can be found below.  The application must be signed by the ratepayer or a person authorised to sign on behalf of the ratepayer.

Changes from April 2017

From 1st April 2017, Small Business Rate Relief will permanently double from 50% to 100%. The £6,000 threshold will increase to £12,000 and the 12,000 to £15,000.

This means, hereditaments with rateable values below £12,000, which meet the eligibility criteria, will receive 100% relief.  This relief will decrease on a tapered scale if your rateable value is between £12,001 and £15,000.

The threshold for the standard business rates multiplier has also increased. Previously hereditaments with rateable values from £18,000 (£25,500 in London) were billed on the standard multiplier, however this has increased to rateable values of £51,000 or above. This means that if the rateable value is under £51,000 the bill will be calculated using the small business non domestic rating multiplier, subject to eligibility.

Please note: Properties with rateable values under 51,000 will have already been calculated using the lower small business multiplier. This is done automatically and there is no need to apply.

How much relief will I get?

If the property has a rateable value of less than £18,000 from 1st April 2010 you may qualify for Small Business Rate Relief (SBRR).

To qualify for SBRR the ratepayer must:

  • occupy only one property , or
  • occupy one main property and other additional properties providing those additional properties each have rateable values of no more than £2,899.
  • The rateable value of a single property or the aggregate total value of all the properties must not more than 19,999 (or £27,999 within Greater London).

 

Please note: You are only eligible to claim Small Business Rate Relief on ONE property regardless of how many properties you occupy.

For those businesses that take on an additional property which would normally have meant the loss of small business rate relief, you may be able to continue to be in receipt of the relief for a period of 12 months (from the date the additional property is taken on).

Small Business Rate Relief Scheme October 2010 - April 2017

The Government temporarily changed the scheme so that businesses who qualify and whose rateable value is less than £6,000 could get 100% relief. This will decrease on a tapered scale if your rateable value is between £6,001 and £12,000. If the rateable value is between £12,001 and £17,999 the bill will be calculated using a lower multiplier, subject to eligibility.

The Scheme prior to 1 October 2010

Eligible properties with a rateable value of less than £6,000 will receive 50% relief. This relief will decrease on a tapered scale of 1% for every £120 in rateable value over £6,000 and up to £12,000, at which point no relief is applicable.

In addition, eligible properties will have their rate bill calculated on the small business non-domestic rating multiplier.

Changes in Circumstance

If there is a change that could affect the entitlement to relief, you must let us know. You need to inform us within four weeks starting on the day after the charge occurred. 

If a property increases in rateable value, which is not in our district, notified must be made in writing.

If a ratepayer occupies any property which is not mentioned in their application for relief, these changes will have to be notified through a fresh application for relief.

Please note: If your business qualifies for Mandatory Charity Relief you cannot get SBRR as well.

Don't Forget! if you move into, out of, or within our district you need to let us know as this will affect your bill.  

Apply for Small Business Rate Relief for the first time

If you have any further queries regarding any of the above reliefs, or are unsure if you qualify, please call: 01562 732928



Wyre Forest District Council