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  • Book it
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Small Business Rates Relief

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Small Business Rates Relief (SBRR) is designed to reduce the rates burden for owners of small businesses.

The relief is available to ratepayers with either:

  1. One property, or
  2. One main property and other additional properties, providing these additional properties have rateable values of less than £2,900

The rateable value of the property mentioned in (1), or the aggregate rateable value of all properties mentioned in (2) must be under £18,000, and in the case of (2) only the main property receives small business rate relief.

The scheme is self-funded through a supplement on the multiplier of those businesses not eligible for the relief. However, ratepayers of eligible business properties with rateable values between £15,000 and £50,999 will find themselves in the 'buffer zone' and, as long as the property is occupied and they don't receive any other mandatory reliefs, they will have their bills calculated using the lower small business non-domestic rating multiplier.

The scheme has been re-vamped to coincide with the 2017 revaluation.

About the scheme from 1 April 2017

At Budget 2016, the Government confirmed that the doubling of the Small Business Rate Relief (SBRR) from 50% to 100% will be made permanent from 1 April 2017.

The £6,000 and £12,000 thresholds will increase to £12,000 and £15,000 respectively.

Therefore, hereditaments with rateable values of £12,000 or below that meet the eligibility criteria will receive 100% relief and those businesses with rateable values between £12,001 and £14,999 will receive tapered relief. The taper will operate as at present – with 100% relief for eligible hereditaments with an RV of £12,000 or below, decreasing to 0% relief for hereditaments with an RV of £15,000 or above.

The threshold for the standard business rates multiplier will also increase from a rateable value of £18,000 (£25,500 in London) to £51,000. 

About the scheme before 1 April 2017

This relief is given as a 50% reduction in the charge for ratepayers occupying single properties with a rateable value up to £6,000, with relief declining in percentage terms on a sliding scale until it is 0% at £12,000. If you qualify for the relief your bill will also be calculated using the lower multiplier.

  • From 1st October 2010 to 31st March 2017 businesses with a rateable value up to £6,000 who qualify for the relief receive a 100% reduction in their rates, rather than a 50% reduction. The relief will still decline on a sliding scale until it is 0% at £12,000, but those ratepayers with a rateable value of between £6,000 and £12,000 will receive double the amount of relief that that they would otherwise have received. 

To apply for this relief please print and return to us the Small Business Rates Relief Application Form.

For those businesses that take on an additional property, which would normally have meant the loss of small business rate relief, the Government has confirmed that they will be allowed to keep that relief for a period of 12 months.

Changes that must be reported

Ratepayers in receipt of relief should notify the Council if:

1) They take up occupation of an additional property, and

2) There has been an increase in the rateable value of a property occupied by the ratepayer that is in another Council's area.

Applications and deadlines

Up until 30 September 2017 ratepayers can apply to have relief backdated as far back as 1 April 2010 (a written request is required though to backdate relief earlier than 1 April 2012)

From 1 October 2017 relief can only be backdated to 1 April 2017.

 

 

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For: Buses, Schools, Libraries, Registrars Office, Highways, Social Services

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