Small Business Rate Relief

If your business is currently is receipt of Small Business Rate Relief you must reapply to enable this to continue from 1 April 2017

Your business may qualify for Small Business Rate Relief (SBRR) if:

  • the business only occupies one property
  • the property has a rateable value of less than £12,000.

Vacant properties do not qualify for Small Business Rate Relief

Check below to see if you are entitled to SBRR.

Small Business Rate Relief/Multiplier (SBRR/SBRM) calculator

Level of discount that could be received

Rateable value (RV) Minimum SBRR Maximum SBRR Sliding scale
Up to £6,000 100% 100% N/A
£6,000 to £12,000 0% 100% 100% - 2% for every £120 above £6,000 (see table below)
Up to £18,000 - - Calculated with SBRR multiplier

Estimate for tapered relief

Rateable value of property Tapered relief
£6,600 90
£7,200 80
£7,800 70
£8,400 60
£9,000 50
£9,600 40
£10,200 30
£10,800 20
£11,400 10
£12,000 0

Small Business Rate Multiplier

We work out your business rates bill by multiplying the rateable value of the property by the small business non-domestic rating multiplier.

The multiplier for each financial year for the whole of England is set by the government according to formulae set by legislation.

There is no need to apply for the Small Business Rate Multiplier, this is automatically awarded for properties with a rateable value of less than £18,000.

Businesses that occupy more than one property

Your business may still qualify for Small Business Rate Relief, even if more than one property is occupied, providing that:

  • The additional properties have a rateable value of less than £2,600 each.
  • The total combined rateable value of all occupied properties is less than £18,000.
  • Small Business Rate Relief will be applied to the main property (property with the higher rateable value) only.
  • If a second property is taken on, when your business is already in receipt of Small Business Rate Relief, and the rateable value of the second property is £2,600 or more you can now retain Small Business Rate Relief on the original property for a period of 12 months.

Small Business Rate Relief 2017/18

From 1 April 2017 permanent changes are being made to Small Business Rate Relief, which we hope will benefit more businesses in Basingstoke and Deane. Want to know what your property's new rateable value will be from 1 April 2017 to see if you will qualify? Go to www.gov.uk/voa/revaluation

Your business may qualify for Small Business Rate Relief from 1 April 2017 if:

  • The business only occupies one property.
  • The property has a rateable value of less than £15,000.

Apply for Small Business Rate Relief

Level of discount that could be received

Rateable value Minimum SBRR Maximum SBRR Sliding scale
Up to £12,000 100% 100% N/A
£12,001 to £15,000 0% 100% 100% - 2% for every £120 above £12,000
Up to £51,000 - - Calculated with SBRR Multiplier
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