Small Business Rate Relief - SBRR
This is available at 100% for ratepayers occupying single properties with a rateable value up to £6,000, with relief decreasing in percentage terms on a sliding scale until it is 0% at £12,000. The relief is only available to ratepayers with either:
- one property, or
- one main property and other additional properties providing those additional properties have Rateable Values of less than £2,600
The rateable value of the single property mentioned or the combined rateable value of all properties must be under £18,000.
Ratepayers of eligible business properties with rateable values between £12,000 and £18,000 can apply for relief and will have their bills calculated using the small business non-domestic rating multiplier which is £0.466 from 1 April 2017.
If a ratepayer ceases to be eligible on a day during the year in question, the relief will cease on that day.
Changes from 1 April 2017:
- If your 2017 rateable value is £12,000 or less, SBRR will be given at 100%
- If your 2017 rateable value is between £12,000 & £15,000 inclusive, the SBRR multiplier of £0.466 is used and relief will be given on a sliding scale from 100% at £12,000 rateable value to 0% at £15,000 rateable value
- If you occupy more than one property and the 2017 rateable value of each of your other properties is less than £2,900, with the rateable value of all these properties combined being less than £20,000
- If your rateable value is between £15,000 and £50,999, the small business rate multiplier is used only. This applies if you have more than one property
If you wish to apply for Small Business Rate Relief then please e-mail firstname.lastname@example.org telephone 01202 123331.
The government will relax the SBRR rules to allow businesses in receipt of SBRR taking on an additional property to retain SBRR on the first property for 1 year, with effect from 1 April 2014.
Mandatory and Discretionary Relief
Registered Charities and Community Amateur Sports Clubs are entitled to relief from rates on any non-domestic property which is wholly or mainly used for charitable purposes. Relief is granted at 80% of the total bill. An additional 20% relief can be granted at the discretion of the Council.
Non-profit making organisations that are not entitled to Mandatory Relief may apply for Discretionary Relief of up to 100%.
You can download and complete the discretionary rate relief application for charitable organisations form or contact Stour Valley and Poole Partnership.
A ratepayer may apply to the Council for hardship relief.
The Valuation Office carries out a re-valuation of all commercial premises every five years. This takes into account any improvements or decline in the area where the property is based, which could affect the rental values of a property.
When a rateable value is increased and therefore the rates payable will increase, a transitional relief scheme operates which limits the amount by which an account can increase. The transitional relief is phased out over 5 years to tie in with the Valuation Office revaluation period. For most properties the transitional relief will end before the fifth year with the annual amount payable becoming the actual rates payable as explained by rateable values.
The transitional relief scheme has to be self-financing and to achieve this there is a corresponding element which limits the amount by which an account can reduce following a re-valuation.
Additional support for business ratepayers
Spring budget 2017
This budget announced a number of measures, which affect Non Domestic Rate bills. These are listed below:
Supporting small businesses
This relief will help those ratepayers who as a result of the change in their rateable value are losing some or all of their small business or rural rate relief and, as a result, are facing large increases in their bills. This relief will ensure that the increase per year in the bills of these ratepayers is limited to the greater of:
- a cash value of £600 per year (£50 per month). This cash minimum increase ensures that those ratepayers currently paying nothing or very small amounts are brought into paying something, or
- the matching cap on increases for small properties (with a rateable value of £20,000 or less) in the transitional relief scheme
Discretionary Relief Scheme
Local Authorities in England will be given a share of a £300m discretionary rate relief hardship fund to target individual hardship cases in their local areas. The £300m will cover the four years from 2017/18:
- £175m in 2017/18
- £85m in 2018/19
- £35m in 2019/20
- £5m in 2020/21
Pubs with a rateable value up to £100,000 will be able to claim a £1,000 business rates discount for the years 2017/18 and 2018/19.
Relief for local newspapers
Office space occupied by local newspapers can have relief up to £1,500 a year for 2017/18, 2018/19 and 2019/20.
Autumn budget 2018
This Budget announced a number of measures, which affect Non Domestic Rate bills. These are listed below:
Provide a business rates retail discount scheme for occupied retail properties with a rateable value of less than £51,000 in each of the years 2019/20 and 2020/21. The bill will be reduced by a third after all other relief has been taken into account.
Autumn budget 2019
Provide a business rates retail discount scheme for occupied retail properties with a rateable value of less than £51,000 the bill will now be reduced by half for 2020/21 after all other relief has been taken into account.
Pubs with a rateable value up to £100,000 will be able to claim a £1,000 business rates discount for the years 2020/21
Relief for local newspapers
Office space occupied by local newspapers can have relief up to £1,500 a year until 31 March 2025.
Spring Budget 2020
Businesses that are in receipt of Small Business Rates Relief
Businesses receiving Small Business Rates Relief will now get a grant of £10,000 (was previously announced as £3,000).
Retail, Hospitality and Leisure sectors
Shop, pub, theatre, music venue, restaurant - and and other business in the retail, hospitality or leisure sector - will pay no business rates for 12 months.
Businesses in the retail, hospitality and leisure sectors, with a rateable value of less than £51,000 will have access to a cash grant of up to £25,000 per business.
Nursery’s on Ofsted’s Early Years register – will pay no business rates for 12 months.
Relief for Local newspaper offices
The £1,500 business rates discount for office space used by local newspapers in England will be extended for an additional five years until 31 March 2025.
100% business rates relief for stand alone public lavatories in England from April 2020.
Autumn Budget 2020 - Cancelled due to COVID
Additional measures were introduced to help businesses following the second national lockdown and beyond.
Spring Budget 2021
Retail, Hospitality and Leisure sectors
The Expanded Retail Discount (2020/21) will be extended for three months for eligible properties, at 100% relief for the period 1 April 2021 to 30 June 2021.
From 1 July 2021 to 31 March 2022, the Expanded Retail Discount would apply at 66%.
The Nursery Discount 2021 will be extended for three months, at 100% for the period 1 April 2021 to 30 June 2021.
From 1 July 2021 to 31 March 2022 the Nursery Discount would apply at 66% relief.
The Council are awaiting clear and detailed instructions from the Government following their announcement. It is understood that this will target specific business sectors.