This applies to hereditaments with rateable values up to £9,999.
The relief is only available to ratepayers with either
Eligible hereditaments with a rateable value of up to £4,999 woll get 50% rate relief. This will decrease on a sliding scale of 1% for every £100 over £4,999 up to £9,999.
Eligible hereditaments will have their bill calculated using the small business non-domestic rating multiplier.
If a business qualifies for Small Business Rate Relief and under the former agricultural premises scheme they will only reveive Former gricultural Premises Relief.
If a ratepayer is eligible for charity relief or rural rate relief the will receive that relief rather than Small Business Rate Relief.
Those businesses with rateable values from £10,000 to £14,999 can apply to be in the "buffer zone" and have their bill calculated using the small business non-domestic rating multiplier.
In both cases the ratepayer must apply for the relief or inclusion in the buffer zone.
Small business non-domestic rating multiplier = 0.426
Non-domestic rating multiplier = 0.433