Small business rate relief
The Chancellor has announced several changes to business rates in the Budget of 11 March 2020. Please visit our Budget - March 2020 page for details of how you may be affected.
You can get small business rate relief if you occupy:
- one property and its rateable value is less than £15,000 or
- more than one property in England, where the rateable value of the other properties is less than £2,900. If you occupy more than one property then the total rateable value of all the occupied properties cannot be more than £19,999.
You can only get small business rate relief on a property if:
- the property is occupied and
- you are not entitled to mandatory rate relief
The amount you can be awarded depends on the rateable value of the property:
- If the rateable value is £12,000 or below, you can get 100%
- If the rateable value is between £12,001 and £14,999 the amount awarded will reduce on a sliding scale from 100% to 0%
If you take on a property that would disqualify you from receiving your existing small business rate relief then you will continue to receive your existing relief for 12 months.
If your property has a rateable value of less than £51,000, your bill will be calculated using the small business multiplier rather than the standard one, even if you do not qualify for small business rate relief.