Small business rate relief in England

You will be eligible for small business rate relief in England if your rateable value is below £18,000 (£25,500 in London):

• If your 2010 rateable value is £6,000 or below, the small business rate multiplier is used and the bill will be reduced by 50 per cent
• If your 2010 rateable value is between £6,001 and £11,999 inclusive, the small business rate multiplier is used and the bill will be reduced on a sliding scale - from 50 per cent at the bottom of the range to 0 per cent at the top. For example, if the rateable value is £9,000, the bill will be reduced by 25 per cent
• If your 2010 rateable value is between £12,000 and £17,999 (£25,499 in London), the small business rate multiplier is used only
  

Between 1 October 2010 and 30 September 2012, eligible ratepayers will receive small business rate relief at 100 per cent on properties up to £6,000 (rather than 50 per cent), and a tapering relief from 100 per cent to 0 per cent for properties up to £12,000 in rateable value for that period.

The relief was originally doubled by the government until September 2011, but this was extended by the Budget in March 2011.

If you have more than one business property, the relief is only available if the rateable value of each of the other properties is below £2,600. If this is the case, the rateable values of all the properties will be combined and the relief is applied to the main property based on the total rateable value.

Info from: http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1086075891&type=RESOURCES

Please contact your local Carter Jonas office who will be happy to assist.