For businesses with a rateable value of 12,000 or less, 100% relief may be granted. Small business rate relief is available to ratepayers who occupy either; a) One business property, or. Ratepayers must apply for small business rate relief and must be eligible on the 1 April each year. Small business rates relief From 1 April 2017 the qualifying thresholds for small business rates relief have changed. © 2021 Luton Council, Town Hall, Luton LU1 2BQ, Visit GOV.UK to estimate your business rates, Download printable version of small business rates relief​, your business only uses one property - you may still be able to get relief if you use more. This means that ratepayers with rateable values of £12,000 or less will pay no rates at all for the period. This is the case even if you don’t get small business rate relief. There have been further changes to Small Business Rate Relief with effect from 1 April 2017. Eligibility criteria for relief. The total rateable value of the properties must be less than the £20,000. The relief reduces by 1% for every £30 increase in the rateable value above £12,000. Change in circumstance. Small Business Rate Relief amount: 49.1p per pound (48.4p for 2018/19) Small businesses already receiving relief will be able to continue to receive it without needing to reapply following the 2017 revaluation (or subsequent revaluations), as long as that they remain eligible for it. your business uses only one property – although if the combined rateable value of other properties is less than £20,000 and 3. none of the other properties are rated over 2,899, you may still quali There are two lists below. Reliefs. This scheme was first introduced in April 2005, revised in April 2010 and further updated by the present government soon after they came into power, in October 2010 with the aim of assisting small businesses. Or if you have taken on additional premises since the 14 February 2014 to help your business expand relief will still be given on your original property for a twelve month period. This is the case even if you don’t get small business rate relief. Small businesses for rating purposes are defined as having a rateable value under £51,000. The percentage then decreases on a sliding scale up to a rateable value of £14,999. If you receive small business rate relief and take on a further property that would stop eligibility, you may be able to keep the relief on the existing property for a further 12 months. If your property in England has a rateable value below £51,000, your bill will be calculated using the small business multiplier, which is lower than the standard one. Ratepayers who occupy a property with a rateable value which does not exceed £50,999 (and who are not entitled to other mandatory relief or are liable for unoccupied property rates) will have their bills calculated using the lower small business non-domestic rating multiplier, rather than the national non-domestic rating multiplier. You can get small business rate relief if: your property’s rateable value is less than £15,000; your business only uses one property - you may still be able to get relief if you use more What small business rate relief is available? Business Rates and the Coronavirus (COVID-19) Grants. Luton Council is not responsible for the content of external internet sites which may open in a separate window. Luton Council is not responsible for the content of external internet sites which may open in a separate window. There is no rateable value limit on the relief. With effect from 1 st April 2017 Properties with a rateable value below £12,000 will receive a 100% reduction on the non-domestic rate charge. Retail, Hospitality and Leisure Business Grants Fund If a ratepayer ceases to be eligible on a day during the year, the relief stops immediately. You can also apply if you have more than one business property and the rateable value of the smaller property is under £2,900. Local councils can also: top up the mandatory 50 percent relief to 100 percent; give relief to other rural retail businesses of up to 100 percent (for properties with a rateable value under £16,500) The doubling of Business Rates Rural Rate Relief was introduced by the Government in 2017/18. If you receive small business rate relief you must inform us within 28 days of changes that could affect the eligibility. You may be entitled to a reduction of your business rates (non-domestic rates, or NNDR) charge if your business occupies a non-domestic rated property with a rateable value of less than £51,000. Occupiers of premises with a rateable value under £15,000 MUST make a claim to to us if they wish to receive a refund. Small Business Rate Relief (SBRR) Eligible business properties can receive 100% relief if their rateable value is under £12,000. b) One main business property and other additional business properties, provided all of the other properties each have a rateable value less than £2,900 and the total rateable value of all the additional properties is less than £20,000 (£27,500 in London). This is available to Borough ratepayers with either: a single property; multiple properties, providing they each have a rateable value which does not exceed £2,599 and the combined rateable values of all the properties does not exceed £17,999 (conditions apply) © 2020 Luton Council, Town Hall, Luton LU1 2BQ. The small business multiplier is 46.6p and the standard multiplier is 47.9p from 1 April 2017 to 31 March 2018. Small Business Rate relief is available to ratepayers if they: Occupy only one property in England and have a rateable value of less than £15,000 Occupy one main property and other additional properties, providing that the additional properties do not have individual rateable values of more than £2,899 and the combined rateable value of all the properties is under £20,000. For a qualifying property with a rateable value of up to £12,000 the rate relief is currently 100%. Below are two tables, the first shows the rates payable from April 2021 by businesses able to claim Small Business Rates Relief who occupy a single property having a Rateable Value between £12,000 and £15,000, for the financial Follow this link for table giving details of how the relief is calculated for the financial year 2018 / 2019​. The small business multiplier is 46.6p and the standard multiplier is 47.9p from 1 April 2017 to 31 March 2018. Very substantial savings are on offer for almost all small businesses and we must grant such relief to qualifying companies. If you are not entitled to any other type of rate relief, and you occupy a property with a rateable value of less than £51,000, you will have your business rates bill calculated using the lower small business rate multiplier instead of the standard non-domestic multiplier. Ratepayers in receipt of small business rate relief, occupying a property with a Rateable Value of £12,000 or below. Small business rate relief application form If the rateable value of a property is between £15,001 and £50,999 no relief is allowed but liability will be calculated using the small business multiplier (49.9 pence for 2021/22). You can get small business rate relief if your premises rateable value is less than £15,000 and your business only occupies one premises. If the 2017 revaluation means you no longer get small business relief, your bill won’t increase by more than £50 a month from 1 April 2017 to 31 March 2018. Small Business Rate relief Transitional arrangements A scheme for transitional arrangements was in operation, which phased in the effect of significant changes in business rates liability, which arose from the 2017 national revaluation. Small Business Rate Relief. This means that the small business rate relief scheme now provides a maximum of 100 per cent mandatory rate relief for properties with a rateable value up to £12,000, with relief declining on a sliding scale until, at a rateable value of £15,000, there is no entitlement. If your rateable value is under £20,000 we would strongly encourage you to check with us to ensure the appropriate relief has been given for each of the financial years going back to 2010 / 2011. There is no charge for this as all costs of administrating the scheme are paid by central government. It is still possible to claim Small Business Rate Relief under the 2010 Rating List. What is small business rates relief? Under the scheme the amount of discount for 2020-21 was increased to 100% and is extended to apply to occupied retail, leisure and hospitality properties. The deadline for backdating is 30 September 2017. The first shows the rates payable for the financial year of 2021-22 if: The second shows the percentage of relief available for each rateable value. Download the Small Business Rate Relief application. About your Council Tax and business rate bills From 1 April 2017 to coincide with the 2017 Rating List, ratepayers occupying a single property with a rateable value of £12000 or less will qualify for 100% relief, with relief reducing on a sliding scale until it is zero at rateable value £15000. Small business rate relief. We will provide details for each year. To apply for small businesses rate relief, fill in our application form. Claiming small business rates relief has no effect on our finances as this is a self-funding scheme paid for via a levy on larger rate-payers and therefore we welcome all applications for relief because we appreciate that if relief is claimed the monies are very likely to be re-invested in the local economy. Apply for small business rate relief - About the company - Section 1 - Luton Council. You must tell us in writing if the rateable value of any property you occupy in another council … Please be aware that a property must be wholly or mainly occupied for a qualifying purpose and to be accessible to visiting members of the public. The Government has provided grant funding for businesses who have been affected by the National Lockdown - to apply or enquire about grant funding please see this webpage. ​, © 2020 Luton Council, Town Hall, Luton LU1 2BQ. From 1st April 2017 Small Business Rate Relief is only available to ratepayers who occupy either: (a) one property, or (b) one main property and other additional properties providing those additional properties each have a rateable value which does not exceed £2,899 (previously £2599.00) Also, ratepayers who qualify for retail rate discount. Local Discretionary Rate Relief; Nursery Relief; Retail discounts; Small business rate relief (properties with a rateable value below £15,000) Supporting Small Business Relief; Supporting Pub Relief; You are suffering severe hardship and cannot pay your bill. Ratepayers who occupy a property with a rateable value which does not exceed £50,999 (and who are not entitled to other mandatory relief or are liable for unoccupied property rates) will have their bills calculated using the lower small business non-domestic rating multiplier, rather than the national non-domestic rating multiplier. For Business Rate Reliefs specific to the the Coronavirus (COVID-19), please see this webpage . Supporting Small Business Relief Revaluation Support Discretionary Rate Relief Scheme 2017-2018 to 2020-2021 Support for Public Houses (Pubs) - Rate Relief Scheme 2017/18, 2018/19 & 2020/21 Please note Small Business Rates Relief can only be applied to one property, if you are eligible for Small Business Rate Relief this will be applied to your single or main property only, If your rateable value is £12,000 or below you will be entitled to 100% Small Business Rates relief. Provided the ratepayers circumstances do not change, the application need not be renewed until the next revaluation of non-domestic properties in 2017. © 2021 Luton Council, Town Hall, Luton LU1 2BQ. There is an exact sliding taper for those with a … These figures are also available as a download at the bottom of the page. Since 1 April 2017, business occupying only one property with a rateable value BELOW £12,000 should be paying NO rates. 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