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From 1 April 2017 the qualifying thresholds for Small Business Rates Relief changed.
The Small Business Rate Relief Scheme now provides a maximum of 100% mandatory rate relief for properties with a rateable value up to £12,000, with relief declining on a sliding scale until, at a rateable value of £15,000, there is no entitlement.
This means that:
You cannot receive Small Business Rate Relief on unoccupied properties.
When you occupy a second property, you’ll keep receiving existing relief on your main property for 12 months.
You can still benefit from Small Business Rate Relief on your main property after this if both the following apply:
You must contact us and tell us if:
Even if you don’t qualify for Small Business Rate Relief, providing your RV is less than £51,000 your bill will be calculated using the small business multiplier, which is lower than the standard multiplier. The correct multiplier is automatically applied to your bill and therefore, there is no need to apply ask for us to use the lower value.
Please note where a mandatory rural relief or charity relief applies the business will receive the mandatory relief instead of SBRR and the standard multiplier will apply.
If you would like to apply for this relief or require further information contact us.