Small Business Rate Relief

The Small Business Rate Relief (SBRR) scheme.

From 1 April 2017 ratepayers with properties with rateable values up to £12,000, subject to the rules below, will not have to pay rates.

The rate of relief will gradually decrease from 100% to 0% for properties with a rateable value between £12,001 and £15,000.

Ratepayers receiving Small Business Rate Relief that take on an additional property, which could currently disqualify them from receiving relief, will continue to receive their existing relief for 12 months.

For ratepayers with a rateable value between £15,001 and £50,999 the small business rate multiplier will be used to calculate the rates demand notice.

From 1 April 2017 the criteria for small business rate relief is that you occupy either:

• One property, or
• One main property and other individual properties providing those additional properties each have a rateable value that does not exceed £2,899

The rateable value of your one property or the sum total of all your properties must not exceed £19,999 on each day you are seeking relief. If the rateable value, or aggregate rateable value, increases above those levels, relief will cease from the day of the increase.

For further information regarding this relief scheme visit business rates relief (GOV.UK)

How to apply for small business rate relief

We will adjust the business rates payable by all businesses that meet the criteria for SBRR, and which occupy properties within the rateable value thresholds set out above.

For those eligible to the full reduction, the instalment plan on the 2018/19 annual notice will show £0.00 to pay from April to the end of the 2018/19 financial billing year. If you have a rateable value over £12,000, the instalment plan will show lower amounts.

If you meet the criteria, you are automatically entitled to receive the reduction in your rates notice. All you need to do is download an application form. Complete and sign the form and then return it to us:

Small business rates relief application form (PDF Document, 0.12 Mb)

Business Rates Team

The Leicestershire Partnership - revenues and benefits

PO Box 10004

Hinckley

Leicestershire

LE10 9EJ.

We will do the rest.

Once a decision has been made, if your application has been successful you will be sent a revised rates notice(s) or, if unsuccessful, a letter will be issued explaining why your application has been refused.

Simply pay the new instalments on or before the due dates shown on your notice. Current collection and enforcement procedures will continue to apply to ratepayers who miss a scheduled instalment.