Small Business Rate Relief
EXPLANATORY NOTES – Please read these notes before completing the application form at bottom of the page. These notes are intended to give a helpful outline of the Small Business Rate Relief scheme, but they should not be regarded as a complete guide to the law.
- The property must meet the criteria on every day that relief is being applied for.
- The property must have a rateable value within the thresholds below.
- The relief is only available to ratepayers who occupy either:
(i) Only one non-domestic property in England
(ii) One main property and other additional properties providing the additional properties have rateable values less than £2,600 and the total rateable value of all the properties remains under £18,000. Relief is only available on the main property and not on the additional properties.
- Small Business Rate Relief is not available to ratepayers who are receiving either mandatory Rural Rate Relief or Mandatory Charitable Relief.
Amount of relief
The amount of Small Business Rate Relief awarded depends on the rateable value of your property.
- Qualifying hereditaments with a rateable value up to £6,000 will receive 50% rate relief. The amount of relief will decrease on a sliding scale from 50% to 0% where the rateable value is between £6,000 and £11,999. In addition the rates bill will be calculated using the lower Small Business Rate multiplier rather than the Non-Domestic Rating multiplier which applies to non-eligible properties.
- Qualifying hereditaments with a rateable value between £12,000 and £17,999 will receive no relief, but the rate bill will be calculated using the Small Business Rate multiplier.
Temporary increase in level of Small Business Rate Relief (1 October 2010 – 30 September 2011)
The Government have temporarily increased the level of Small Business Rate Relief.
Eligible businesses occupying properties with rateable values up to £6,000 will not pay business rates for one year from 1 October 2010. In addition, small businesses benefiting from this rate relief with rateable values between £6,000 and £11,999 will receive a tapered relief of between 100% and 0%.
The new levels of relief will be available from 1 October 2010 and 30 September 2011.
You will need to complete an application form if you think you are eligible for rate relief under this scheme.
Applications in respect of the 2010 Rating List effective from 1 April 2010 must be made no later than six months after 31 March 2015.
Changes that you should tell us about:
- You occupy any property that you did not occupy at the time of making the application for the relief.
- There is an increase in the rateable value of a property you occupy that is not in South Northamptonshire Council’s area. Notifications must be writing
You must notify South Northamptonshire Council within 4 weeks of the change occurring.