Reductions and Reliefs
There are a number of reductions available for occupied properties. Check if you are entitled to a reduction in your Business Rates.
Small Business Rate Relief
If you occupy a property with a Rateable Value (RV) below £18,000 and you are not entitled to another Mandatory Relief then your bill will automatically be calculated using the Small Business Multiplier.
If your Rateable Value is less than £12,000 you may be entitled to a percentage reduction of up to a maximum of 100 percent. The percentage reduction can only be given if you occupy either:
- One property or;
- One main property, with any additional properties having an RV less than £2,600* - Rate Relief is only available on the main property, not the additional properties.
If after checking the guidance notes [103kb] you think you will qualify, return the completed application form [105kb]. We may be able to grant the relief without the form - call us on 01775 761161, followed by option four.
*The Government has introduced additional support for small businesses. From 1 April 2014, if you take on an additional property which would normally have meant the loss of small business rate relief on your existing property, you will be allowed to keep that relief for 12 months or until your circumstances change.
New scheme for 2017/18
For 2017/18, there are proposals for the Small Business Rate Relief (SBRR) scheme to be changed.
The proposal is to permanently double the relief from 50 percent to 100 percent. The £6,000 and £12,000 thresholds will increase to £12,000 and £15,000 respectively. Therefore, those with rateable values below £12,000 that meet the eligibility criteria will receive 100 percent relief and those with rateable values between £12,000 and £15,000 will receive tapered relief.
The threshold for the standard business rates multiplier will also increase from £18,000 (£25,500 in London) to a rateable value of £51,000.
Charities and Community Amateur Sports Clubs (CASC)
If you are either a Charity [18kb] or a registered CASC [16kb] you may be entitled to an 80 percent reduction. If you think you will qualify, return the completed application form. Information on how to register as a CASC is available from GOV.UK.
Discretionary Rate Relief
We have the discretion to award rate relief to non profit making organisations [25kb] and sports clubs [22kb]. If you think you will qualify, return the relevant completed application form and provide copies of your audited financial accounts for the last two years. For further details see our discretionary rate relief policy [190kb].
Rural Rate Relief
If your property is in an area on the rural settlement list [102kb] and falls into one of the categories below, you may be entitled to relief:
- Village food shops (not hot food takeaways) with a rateable value of £8,500 or less
- The only Post Office or general store with a rateable value of £8,500 or less
- The only public house or petrol filling station with a rateable value of £12,500 or less
If after reading the guidance notes [19kb] you think you will qualify, please return the application form [21kb]. We can also grant a discretionary rural rate relief on certain other occupied property in a rural settlement with a rateable value less than £16,500.
New scheme for 2017/18
For 2017/18, there are proposals for the Rural Rate Relief scheme to be changed.
The proposal is to double the relief from 50 percent to 100 percent. Further details will be provided once this has been confirmed.
Hardship Rate Relief
In special circumstances we have discretion to grant relief to businesses suffering financial hardship.
- the ratepayer would sustain hardship if we did not assist; and
- having regard to the 'interests' of the Council Tax payers, that it is reasonable for us to grant.
'Interests' of Council Tax payers may go wider than direct financial interests. For example, where employment prospects in the area would be badly affected by a company going out of business, or where amenities of an area would be severely affected due to the closure of the only village shop. Please contact us for further details on 01775 761161 followed by option four.
Local authorities have a general power to grant discretionary local discounts. Please contact us for further details.