Small business rate relief

If you occupy a building with a rateable value under £15,000 you can get a discount on business rates, called Small Business Rate Relief. 

Small Business Rate Relief is calculated on a sliding scale:

• properties with a rateable value of up to £12,000 get 100% relief
• for properties with a rateable value between £12,001 and £15,000, relief goes down gradually from 100% at £12,001 to 0% at £15,000

If you're in more than one building, you can still get small business rate relief if your main building has a rateable value less than £15,000 and your other buildings each have a rateable value below £2900, and the total of all buildings is less than £20,000.

The relief is calculated on the rateable value of the main building only. 

If you're already in receipt of Small Business Rate Relief and you occupy a second property, you can keep your existing relief for one year if occupied on or before 26/112025. If the second property was occupied from 27/11/2025 you can keep the relief for 3 years, this change was brought in via the Chancellors Autumn statement on 27/11/2025.

You will need to apply for the relief or to report changes via the online portal you may also wish to email revenues@middevon.gov.uk to make an application, and the ratepayer (not an agent) is required to complete the application. If the ratepayer is a limited company, you must be a director of that company.

If you qualify for the relief, we will send you an amended bill. If you do not qualify, you will be notified by email.

Providing the ratepayer continues to satisfy the conditions for the reduction, it will automatically be awarded every financial year as part of the annual billing process.

A ratepayer who is in receipt of SBRR will need to notify us of certain changes in circumstance:

• the ratepayer vacating the property
• the ratepayer taking up occupation of an additional property
• an increase in the RV of a property occupied by the ratepayer outside of Mid Devon

Small Business Rate Relief tapers from 12000 RV to 15000 can be found in the table in the downloads.

Key

RV- Rateable value

£ - Amount payable after claiming Small Business Rate Relief

% - percentage of relief awarded

NB: These figures may vary by a few pence due to variations in decimal point calculations