Small Business Rate Relief
Your business 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
If you meet the above criteria, you will need to contact your local council to apply for small business rate relief.
What discount can you expect to receive?
If your property has a rateable value of £12,000 or less, you will not pay any business rates.
Whereby properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%.
Business rate reduction 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.
What happens if you use more than one property
When you get have a second commercial property, you’ll keep getting any existing relief on your main property for 12 months.
You can still be entitled to 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)
You’re a small business but do not qualify for small business rate relief
If your property in England has a rateable value below £51,000, your bill will be calculated using the small business multiplier, which is lower than the standard one. This is the case even if you do not get small business rate relief.
The small business multiplier is 49.1p and the standard multiplier is 50.4p from 1 April 2019 to 31 March 2020. The multipliers may be different in the City of London.