Supporting Small Businesses
The supporting small businesses relief will help those ratepayers, who as a result of the change in their rateable value at the revaluation are losing some or all of their small business or rural rate relief and, as a result, are facing large increases in their bills
Supporting Small Business Relief was first introduced following the 2017 revaluation. A new scheme has been put into place to reflect the 2023 revaluation. The relief will cap bill increases at £600 per year for any business losing some or all of their Small Business Rates Relief or Rural Rate Relief as a result of the 2023 revaluation. The scheme will be in place for 2023/24, 2024/25 and 2025/26.
Businesses in receipt of 2023 Supporting Small Business Relief who have a rateable value of £51,000 will have their bills calculated using the small business multiplier whilst they are in receipt of the relief.
The relief will end if the property becomes unoccupied , or if a Charity or Community Amateur Sports Club takes up occupation.
The relief will end if the amount payable with the relief would be the same or more than the amount payable without the relief.
Some businesses will be in receipt of Supporting Small Business Relief in 2023/24 as a result of their entitlement under the 2017 scheme. For those businesses the relief will end on 31 March 2024.
If a business lost entitlement to Small Business Rate Relief in 2022/23 due to taking on a second property, but had been given a 12 month grace period, their eligibility for Supporting Small Business Relief will cease at the end of the grace period..
Further information about this relief may be found at the following link:
The award of this relief must comply with subsidy control obligations.
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