Small Business Rate Relief Scheme

Small Business Rate Relief Scheme

• 2019/20 Standard multiplier – 50.4p
• Small business multiplier - 49.1p

We work out your bill by multiplying the rateable value of your property by the rate poundage, which the Government sets in April each year. The rate poundage figure applies to every property in England.

For example, the rate poundage figure for 2019/20 is 50.40p. If your rateable value was £20,000, we would multiply this by 50.40p and the amount you would have to pay for the year would be £10,080.00.

This is not taking any transitional relief into account.

Who will qualify

  • This scheme (SBRR) exists to help a small business with their rate bill.
  • Qualifying businesses with a rateable value of less than £15,000 will be entitled to relief.
  • Those businesses with a rateable value of less than £12,000 will receive 100% relief, but if your business has a rateable value of between £12,000 and £15,000, the amount of relief will decrease on a sliding scale.
  • Where a business takes on an additional property the applicant will continue to receive SBRR on the original property for 12 months, but after 12 months the relief will end on both properties.

How much will it be

1) All eligible properties (with rateable values below £51,000) will have their bill calculated using a reduced multiplier (e.g. in 2018/19 this will be 49.1p in the pound instead of 50.4p).
2) Eligible properties with a rateable value of less than £12,000 will get 100% rate relief.
3) For eligible properties with a rateable value between £12,000 and £15,000 the amount of relief will reduce on a sliding scale of 1% for every £30 below £15,000 rateable value.
We work out your bill by multiplying the rateable value of your property by the rate poundage, which the Government sets in April each year. The rate poundage figure applies to every property in England.