Small business rate relief

If the rateable value of your premises in the 2005 Rating List is under £15,000 and if you qualify as a small business, you may be entitled to relief.

If you wish to apply for relief please use the form below. Please ensure you have read the notes below before completing the form.

NDR Small Business Rate Reliaf Form

(Version 3)

A new scheme for small businesses was introduced from 1 April 2005 to reduce the amount of tax they pay, in comparison to larger ones.

To qualify, the owner has to confirm rates are only paid for one property.

If they have more than one, as long as the second building is under £2,200 in rateable value, the ratepayer can still apply for relief on the larger one.

If the rateable value is not more than £5,000, the property will be charged 50% less in rates. Any other premises will be charged at the normal amount.

If the value is between £5,000 and £10,000, the small business relief is worked out on a sliding scale reducing from 50% reduction to no reduction at all over £10,000.

If the assessment is over £10,000, but less than £15,000, there will be no additional reduction, but the charge per pound of rateable value will be slightly lower. All rates on properties over £15,000 will be worked out using a higher multiplier (poundage).

More detailed notes are available here

Business Rates Small Business Rate Reliaf Notes

More information about Small Business Rate Relief is available from the following website.

Small Business Rate Relief