Exemptions and reliefs for business rates

The Government announced a new scheme in the Spring Budget on 8th March to support ratepayers whose amount payable has increased significantly in 2017-2018 after the revaluation. This scheme is called Supporting Small Businesses Relief (SSB).

The Supporting Small Businesses relief will ensure that the increase per year in the bills of these ratepayers is limited to the greater of:

  1. a percentage increase p.a. of 5%, 7.5%, 10%, 15% and 15% (2017/18 to 2021/22) all plus inflation, or
  2. a cash value of £600 per year (£50 per month). This cash minimum increase ensures that those ratepayers paying nothing or very small amounts in 2016-2017 after small business rate relief are brought into paying something.

To qualify

Must have been in receipt of Small Business Rate Relief as at 31 March 2017.

The daily charge for 01-04-2017 (after any transitional relief/surcharge) is more than daily rate for 31-03-2017 plus (£600/365).

If the ratepayer was receiving Small Business Rate Relief extension due to taking on an additional property they will be eligible for the remainder of the 12 month extension period.

In the first year of the scheme, this means all ratepayers losing some or all of their small business rate relief will see the increase in their bill capped at £600. The cash minimum increase is £600 per year thereafter. This means that ratepayers who were currently paying nothing under small business rate relief and are losing all of their entitlement to relief (i.e. moving from £6,000 rateable value or less to more than £15,000) would under this scheme be paying £3,000 in year 5 (2021-2022).

Properties eligible for charity or Community Amateur Sports Club relief or hereditaments which are unoccupied are not eligible for Supporting Small Businesses Relief.

We have automatically applied the relief to affected customers and revised rates bills were issued at the end of August 2017. If you believe you are entitled to this relief, please email us with your account number and address and we will look into the matter for you.