Small business rate relief
Small business rate relief (SBRR)
If you're a small business owner you might be eligible for business rates relief through the Government's small business rates relief scheme (SBRR).
If you qualify, your 2024 to 2025 bill will be calculated using the lower small business non-domestic rating multiplier of 49.9 pence instead of the national non-domestic rating multiplier of 54.6 pence.
You qualify if:
- you occupy a property with a rateable value of less than £51,000
- you are not entitled to any other mandatory relief
What you get
You will not pay business rates on a property with a rateable value of £12,000 or less.
For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually by one per cent for every £30 of rateable value over £12,000.
The percentage reduction is generally only available if you occupy:
- one property
- or one main property and other additional properties providing they have a rateable value of less than £2,900 each and combined rateable value of less than £28,000
If you do have more than one property SBRR only applies to the main property.
If the rateable value increases to more than £27,999, your relief will stop from the day of the increase.
Additional support
If your business takes on an additional property, the Government has confirmed you will be allowed to keep that relief for a period of 12 months.
How to apply
Once you are receiving SBRR, if you continue to satisfy the elibility conditions you will automatically receive relief in each new valuation period.
You will need to tell us about these changes of circumstances:
- taking up occupation of an additional property
- an increase in the rateable value of a property occupied by the ratepayer in an area other than the area of the local authority which granted the relief
