You can get small business rate relief if:
- you only use one property
- your property’s rateable value is less than £15,000
What you get
You’ll get 100% relief for properties with a rateable value of £12,000 or less. This means you won’t pay business rates on properties with a rateable value of £12,000 or less.
The rate of relief will gradually decrease from 100% to 0% for properties with a rateable value between £12,001 and £14,999.
You have more than one property
When you get a second property, you’ll keep getting any existing relief on your main property for 12 months.
You can still get small business rate relief on your main property after this if both the following apply:
- none of your other properties have a rateable value above £2,899
- the total rateable value of all your properties is less than £20,000
You’re a small business but don’t qualify for relief
If your property has a rateable value below £51,000, you’re considered a small business.
Even if you don’t qualify for small business rate relief, your business rates will be calculated using the small business multiplier instead of the standard one. This is the case even if you have multiple properties.
The multiplier shows the percentage (pence in the pound) of the rateable value that you pay in business rates. You can see a list of current multipliers on the Valuation Office Agency (VOA) website.
If your circumstances change
You'll need to tell us if:
- you take up an additional property
- if the rateable value of another property you use changes
Backdating Small Business Rate Relief
Small Business Rate Relief can be backdated as far back as 1 April 2017, providing the qualifying criteria are met throughout.
