Small business rates relief and other reductions
Small business rate relief (SBRR)
You are eligible for Small business rates relief if you:
- Occupy only one property and the rateable value of that property is less than £15,000.
- Occupy more than one property, with a combined rateable value less than £20,000
We work out your business rates bill by multiplying the rateable value of your property by the correct 'multiplier' set by central government
To apply for Small business rates relief click below, if your application is approved you will not start receiving this relief until you are open and trading.
If you don’t qualify for relief but your combined rateable value of your properties is between £15,000 and £51,000 you're eligible to have your rates calculated using the small business rates multiplier, regardless of the number of properties that you occupy.
To be eligible for SBRR at the time of the 2017 revaluation, businesses must meet the following conditions:
- You must occupy only one commercially rated property in England where the rateable value of that property is less than £15,000 except where:
- You occupy additional commercially rated properties that each have a rateable value of less than £2,899
- The combined rateable value of the properties is less than £19,999
- Relief will be based on the rateable value of the qualifying property and second properties will not get any relief
- Transitional relief will be calculated first and SBRR will be applied afterwards
- If a rate payer is in receipt of charity relief then they will receive that relief and not SBRR
If the rateable value increases above the maximum rateable value, the property won't be entitled to relief for the rest of the year.
The rate of relief goes down gradually from 100 per cent depending on the rateable value of a property using the below as reference:
- If it's under £12,000 you get 100 per cent relief and a lower non-domestic multiplier.
- If it's between £12,001 and £15,000 the relief reduces on a sliding scale and you get a lower non-domestic multiplier
- If it's between £15,001 and £50,999 you get a lower non-domestic multiplier
Transitional business rate relief
If the rateable value of your property changes significantly as a result of revaluation, your rates will change gradually. This is called transitional relief. After each revaluation there is a period of transition. No bill is allowed to increase or decrease by more than a set percentage. Any property with a large increase or decrease in its rateable value will come under the transitional relief scheme, which has the effect of phasing the valuation in over a period of time. If transitional relief applies to your rates bill, it will be applied automatically.
At the Autumn Budget 2018 the government announced that it will provide a business rates Retail Relief scheme for occupied retail properties with a rateable value of less than £51,000 in each of the years 2019 to 2020 and 2020 to 2021. Your 2019/20 bill will include a detailed reduction if your business qualified for Retail Relief. Retail Relief is subject to EU state aid limits. If you were not awarded Retail Relief and feel that your business should have qualified, please complete the general enquiry form below
Changes in circumstances
You must notify us of any increase in the rateable value of a property you occupy which is not in the Plymouth City Council area. This must be received in writing within four weeks following the change, as this may affect the relief awarded.
Charitable rate relief
If your organisation or company is a registered charity or a charity exempted from registration, you may be able to claim mandatory rate relief of 80 per cent. If you're registered as a community amateur sports club (CASC), you can receive 80 per cent rate relief. Find out about registering as a community amateur sports club on the GOV.UK website.
If you have any queries or would like to discuss applying for Discretionary Rate Relief, complete the general enquiry form below and a member of the team will be in touch.
Other Business Rates Exemptions
Ratepayers do not have to be represented in discussions about their rateable value or their rates bill. Appeals against rateable values can be made free of charge. However, ratepayers who do wish to be represented should be aware that members of the Royal Institution of Chartered Surveyors (RICS, www.rics.org) and the Institute of Revenues, Rating and Valuation (IRRV, www.irrv.org.uk) are qualified and are regulated by rules of professional conduct designed to protect the public from misconduct. Before you employ a rating adviser, you should check that they have the necessary knowledge and expertise, as well as appropriate indemnity insurance. Take great care and, if necessary, seek further advice before entering into any contract.