Small business rate relief
About small business rate relief
Small business rate relief is available if your rateable value is not more than £15,000. Up to 100% relief can be awarded to businesses with rateable values of up to £12,000.
Rateable values from £12,001 up to £15,000 will receive a sliding scale of relief the relief percentage will decrease on a sliding scale starting at 100%. Liability for rateable values of less than £15,000 are calculated using the small business rating multiplier.
When a business has additional premises they are still eligible, providing the additional properties have individual rateable values of less than £2,900 and the combined rateable value of all the properties is under £20,000. Empty properties do not qualify as they are discounted separately.
You are not eligible for small business rate relief if you in receipt of:
- mandatory or charitable relief
- community amateur sports club mandatory relief
- rural mandatory relief
Liability for rateable values of less than £51,000 (which are occupied and not a charity) are automatically calculated using the small business rating multiplier only.
Apply for small business rate reliefapply online for small business relief
If your circumstances change
You must notify us of any changes to your circumstances that might affect your eligibility for small business rate relief within four weeks:
- if you occupy any new business premises (anywhere in England) that was not mentioned on your original form.
- if your rateable value changes for any of your premises outside the North Somerset area. It also helps if you notify us of any changes to your rateable values for your premises within North Somerset
If you don’t tell us that your circumstances have changed you may lose the relief you are claiming.