Small Business Rate Relief
From 1 April 2017 eligible businesses with a rateable value (RV) up to £12,000 will get 100 per cent rate relief on their liability. This relief will decrease on a sliding scale by approximately one per cent for every £30 of rateable value between £12,000 and £14,999.
For rateable values between £15,000 and £50,999, no relief is allowed but the bill is calculated using the small business multiplier.
Relief is available to ratepayers who occupy one property within England or one main property and other additional properties, providing the additional properties do not have rateable values of more than £2,899, and the combined rateable values of all the properties is under £20,000.
The threshold for the combined rateable value is dependent on the location of the main property. The main property is the only one that will have relief applied to it. The additional properties will have their charges calculated using the standard multiplier.
The Small Business Rate Relief scheme is funded by a supplement on the rate bill of those businesses not eligible for the relief. This supplement is built in to the standard multiplier.
Contact Uttlesford District Council
Tel: 01799 510510 Email: firstname.lastname@example.org