Apply for Small Business Rate Relief
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 £51,000.
Businesses that occupy more than one property
Your business may still qualify for SBRR, even if more than one property is occupied, providing that:
- the additional properties have a Rateable Value of less than £2,900 each
- the total combined Rateable Value of all occupied properties is less than £20,000
- SBRR will be applied to the Main Property (Property with the higher Rateable Value) only.
- from 1 April 2014 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 has a Rateable Value of £2,900 or more you can now retain SBRR on the original property for a period of 12 months.
2012/148 came into force with effect from 1 April 2012 and effectively abolished the need for applications for SBRR and limitations on date. So for periods prior to 1 April 2012, the cut-off for applications has passed. For periods since 1 April 2012 the limitation on backdating is s.9 Limitation Act 1980 which provides for six years.
SBRR will only be backdated 6 years from the 1 April in the current year.