Amount of Relief
As a result of recent government changes, the level of SBRR has
been temporarily increased for eligible ratepayers up to 31 March
2013 as follows:
- Rateable value up to £6,000 – no rates
payable
- Rateable value between £6,001 & £12,000 – tapered
relief between 100% and 0%
- Rateable value between £12,001 & £25,499 – Small
Business Rate multiplier applies
From 1 April 2013 the amount of relief will revert to:
- Rateable value up to £6,000 – 50% discount
- Rateable value between £6,001 & £12,000 – tapered relief
between 50% and 0%
- Rateable value between £12,001 to £25,499 – Small Business Rate
multiplier applies
The Small Business Rate multiplier for 2012/2013 is 0.454. For
other businesses this is 0.462.
Eligibility
To be eligible for relief, you must occupy either:
a) one property with a rateable value under £25,500, or
b) one main property plus other additional properties,
providing those additional properties have rateable values less
than £2,600. The total rateable value of all the occupied
properties must be under £25,500.
If you are in receipt of relief you must notify the local
authority within four weeks if:
a) You take up occupation of a property you did not occupy at
the time of your original relief application. If this occurs you
must make a fresh application for relief.
b) You occupy an additional property outside of the City of
London and the rateable value of this property is increased. You
must notify the Council in writing if this occurs.
If you do not notify the City of London within four weeks,
relief will cease with effect from the day that the change
happened. If you are still eligible, relief will apply again with
effect from the day that you notify the local authority.
To apply for this relief, download the
application form (36kb)