Small business rate relief

Small business rate relief 2017-18

Eligible ratepayers will have their business rate accounts calculated using the small business rate multiplier, with additional relief awarded which is stepped, so that those with a rateable value of less than £12,000 may be able to claim 100% relief, reducing to no relief at a rateable value of more than £15,000.

Eligible ratepayers will have their business rate accounts calculated using the small business rate multiplier, with additional relief awarded which is stepped, so that those with a rateable value of less than £12,000 may be able to claim 100% relief, reducing to no relief at a rateable value of more than £15,000.

All ratepayers who occupy properties with rateable values less than £51,000 will automatically have their bill calculated using the small business rate multiplier. An application for Small Business Rate Relief is not required. Where a ratepayer meets the eligibility criteria and has not received the relief they should contact us.

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

This is provided the ratepayer continues to satisfy the conditions for relief which apply at the relevant time as regards the property and the ratepayer, they will automatically continue to receive relief in each new valuation period.

Certain changes in circumstances will need to be notified to Slough Borough Council by the ratepayer who is in receipt of relief.

The changes which should be notified are:

  • the ratepayer taking up occupation of an additional property, and
  • an increase in the rateable value of a property occupied by the ratepayer in an area other than the area of the local authority which granted the relief.

Please notify Slough Borough Council by contacting us. 

Any business that does not qualify will have their business rates accounts calculated using the standard business rate multiplier.

For further information about business rates see GOV.UK business rates.

What are the standard rate multiplier and small business rate multiplier?

The national non-domestic rating multiplier is the rate in the pound by which, outside the City of London where special arrangements apply, the rateable value is multiplied to produce the annual rate bill for a property. It is set annually by the Government and except in a revaluation year, cannot, by law, rise by more than the amount of the increase in the retail prices index.

To calculate the gross annual rates of a property, the rateable value is multiplied by the standard rate multiplier - a sum of money that changes from year to year. As of 1 April 2017, the standard rate multiplier will be 47.9 pence in the pound. Eligible small businesses will pay the small business multiplier 46.6 pence.

You can find a list of current multipliers on the Valuation Office Agency (VOA) website.

Who is the scheme available to?

Businesses that occupy properties with rateable values less than £15,000. From 1 April 2012 there is no restriction on the number of properties occupied if claiming small business rate multiplier only. The small business rate multiplier is automatically applied.

A further discount is available to businesses that occupy:

  • one property with a rateable value less than £15,000 in England effective from 1 April 2017.
  • one main property with rateable value less than £15,000 and other additional properties, providing those additional properties each have rateable values of less than £2,900 effective from 1 April 2017 and the total rateable value of all the properties remains under £20,000 effective from April 2017. (The relief will only be applied to the main property, the other properties do not qualify for relief).

What happens next?

To claim relief after 1 April 2012

An application form is not required. Properties with rateable values less than £51,000 will automatically have their bills calculated using the small business rate multiplier. Applications can be made by the telephone to claim a further discount if eligible.

To claim relief before 1 April 2012

A completed application form is required to ensure that the correct criteria is met. Any relief granted can be backdated to 1 April 2010.

Ratepayers that are receiving small business rate relief are required to notify the council of any change in their circumstances that may affect their entitlement to this relief.

How do I apply for small business rate relief?

If you believe you may be entitled to relief, please contact the non-domestic rating section on contact us.

We are aware that there were announcements made in the budget on Wednesday 8th March 2017 regarding small business rates relief, reductions for pubs whose RV is below £100,000 and that there will be monies towards discretional relief – once legislation is in place we will send new bills and update this page.