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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.

 

In addition, if the sole or main property has a rateable value not exceeding £14,999, the ratepayer will receive a percentage reduction in their rates bill for this property. For a property with a rateable value below £12,000, relief is 100%.

The percentage reduction is available where the ratepayer occupies either:-

  • one property with an RV not exceeding £14,999: or
  • one main property and additional properties, where the additional properties each does not have an RV exceeding £2,899 and is not in receipt of SBRR and the sum of the RV of all the property occupied does not exceed £19,999

 

If the rateable value or aggregate rateable value increases above those levels, relief will cease from the day of the increase.

For those businesses that take on an additional property which would normally have meant the immediate loss of small business rate relief, they will be allowed to keep that relief for a period of 12 months.

To make an application, the ratepayer (not an agent) is required to complete the small business rate relief application form. If the ratepayer is a limited company, you must be a director of that company to complete an application.

 

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

Providing the ratepayer continues to satisfy the conditions for relief that apply at the relevant time, they will automatically continue to receive relief in each new valuation period.

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

 

Please Contact us for further details of how to apply for this relief.

 

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

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

 

 

RV £ % relief RV £ % relief
12050 100.24 98.33 13550 3493.44

48.33

12100 201.24 96.67 13600 3619.39 46.67
12150 303.14 95.00 13650 3746.24 45.00
12200 405.87 93.33 13700 3873.93 43.33
12250 509.37 91.67 13750 4002.37 41.67
12300 613.77 90.00 13800 4131.72 40.00
12350 719.00 88.33 13850 4261.90 38.33
12400 824.99 86.67 13900 4392.84 36.67
12450 931.88 85.00 13950 4524.68 35.00
12500 1039.60 83.33 14000 4657.36 33.33
12550 1148.09 81.67 14050 4790.79 31.67
12600 1257.48 80.00 14100 4925.13 30.00
12650 1367.70 78.33 14150 5060.30 28.33
12700 1478.68 71.67 14200 5196.23 26.67
12750 1590.56 75.00 14250 5333.06 25.00
12800 1703.27 73.33 14300 5470.73 23.33
12850 1816.75 71.67 14350 5609.15 21.67
12900 1931.13 70.00 14400 5748.48 20.00
12950 2046.34 68.33 14450 5888.64 18.33
13000 2162.31 66.67 14500 6029.56 16.67
13050 2279.18 65.00 14550 6171.38 15.00
13100 2396.89 63.33 14600 6314.04 13.33
13150 2515.35 61.67 14650 6457.45 11.67
13200 2634.72 60.00 14700 6601.77 10.00
13250 2754.92 58.33 14750 6746.92 8.33
13300 2875.88 56.67 14800 6892.83 6.67
13350 2997.74 55.00 14850 7039.64 5.00
13400 3120.44 53.33 14900 7187.29 3.33
13450 3243.96 51.67 14950 7335.69 1.67
13500 3368.25 50.00 15000 7485.00 0.00

 

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