Small business rates relief
Your bill will be calculated using the lower multiplier 49.9p (2021/22 and 2022/23), rather than the national multiplier 51.2p if you occupy a property with:
- a rateable value less than £51,000 and
- are not entitled to another mandatory relief
If you occupy a property with a rateable value up to £15,000, you will receive a reduction on a sliding scale if:
- your business only uses one property with a rateable value of less than £15,000 or
- you use more than one property but the rateable value for each of your other properties is less than £2,900, and the total rateable value is less than £20,000. The relief will be applied to the 'main' property.
| Rateable value | Percentage reduction |
|---|---|
| £12,000 and under | 100% |
| £12,500 | 83% |
| £13,000 | 67% |
| £13,500 | 50% |
| £14,000 | 33% |
| £14,500 | 17% |
| £15,000 and above | 0% |
For example, if your rateable value is £13,000 then you'll get 67% off your bill.
If your rateable value is £14,500 you’ll get 17% off your bill.