How To Register For Small Business Rate Relief

Small business rate relief guidance.

How to register for small business rate relief. It is not uncommon for some businesses to operate from a second property. Qualifying businesses with a property with a rateable value between 12 001 and 15 000 receive relief on a sliding scale. The government have announced changes to small business rate relief from 1 april 2017. Easyjet and ba. Ratepayers who occupy a property with a rateable value which does not exceed 50 999 and who are not entitled to other mandatory relief or are liable for unoccupied property rates will have their bills calculated using the lower small business non domestic rating multiplier rather than the national non domestic.

Grants will be paid automatically by local authorities. Eligibility and additional features. The rate payer occupies only one business property in england and it s rateable value is less. Ratepayers who occupy a property with a rateable value which is not more than 50 999 will have their bill calculated using the lower small business rate multiplier. To qualify for this relief the following conditions must apply.

Contact your local council to apply for small business rate relief. Businesses that are currently in receipt of small business rate relief sbrr will be eligible to receive a 10 000 cash grant payment related articles coronavirus flights. Using more than one commercial property. This relief is aimed at helping small businesses where they are not entitled to another mandatory relief. In his 2017 spring budget announcement the chancellor philip hammond set aside a 110m fund to help the many small business owners due to emerge from business rate relief for the first time and a 300m fund was earmarked for local uk authorities devolving power to set business rate relief away from whitehall.

A rateable value of 14 000 results in a 33 reduction off the bill. Small business rate relief is available to businesses in england where the rateable value of the property is less than 15 000. Businesses have to occupy property to qualify. A rateable value of 13 500 results in a 50 reduction off the bill. Businesses with a rateable value of up to 12 000 receive 100 relief while businesses with a rateable value between 12 000 and 15 000 receive tapered relief from 0 100.

Qualifying businesses with a property with a rateable value of 12 000 and below receive 100 relief. Cash grants of 10 000 will be paid to businesses receiving small business rate relief small business bonus scheme in scotland including taper relief or rural rate relief. You will not pay business rates on a property with a rateable value of 12 000 or less. The new criteria are.