Can I reduce what I pay in Business Rates?
You can apply for small business rates relief if you only use one property and its rateable value is less than £12,000. From 1 April 2017 the threshold has changed to £15,000.
You can also apply for small business rate relief if you use more than one property and the rateable value of each of your other properties is less than £2,900. We have a separate Small Business Rates form if you are not signed up to My Account.
You can apply for rural rate relief [252kb] if your business is in a rural area with a population below 3,000 and is the only village shop or post office with a rateable value of up to £8,500 or the only public house or petrol station with a rateable value of up to £12,500.
The Chancellor in the Spring Budget of 8 March 2017 announced further support for ratepayers who had increased bills as a result of the 2017 revaluation. This additional support is not reflected in the above explanatory notes.
Whilst we still await further clarification for this additional support the outline of the changes are as follows:
- Support to provide up to £1000 discount for eligible public houses to reduce their bill for 2017/18.
- Limiting the increase for those ratepayers who, as a result of increased rateable values at the revaluation, will lose some or all of their Small Business Rate Relief or Rural Rate Relief.
- A discretionary support fund available to support businesses over the next four years.
For further information please go to Spring Budget 2017
The GOV.UK website also has useful information on business rates and business rates reliefs.