Can I Get Money Off My Business Rates?
Some properties are eligible for discounts on their business rates (business rates relief), find out if your business is eligible from the relief's listed below.
Mandatory Charitable Rate Relief
Charities and community amateur sports clubs can get business rates relief of up to 80%. The property must be used mainly or entirely for charity or sport.
- Contact us for an application form
Discretionary Top Up Relief
If your organisation is not a registered charity but has similar status, you can apply for Discretionary Top Up Relief. You can apply for this in addition to Mandatory Charitable Relief.
Rural Rate Relief
Until 1st April 2017, certain types of properties in a rural settlement with a population below 3,000 may be entitled to 50% relief.
The property must be the only general store, Post Office or food shop and have a rateable value of less than £8,500, or the only public house or the only petrol station and have a rateable value of less than £12,500.
The property has to be occupied. The authority has discretion to give further relief on the remaining bill.
From 1st April 2017, rural rate relief will be doubled to 100%
Ratepayers previously entitled to Mandatory Rural relief who lose some or all of their relief as the result of a rateable value increase will have the charge increase capped at £600 per year, or £50 per month.
To apply for Rural Rate Relief please contact our office on 01842 756568.
Discretionary Rural Rate Relief
Discretionary Rural Rate Relief is available if your property significantly benefits your local community and has a rateable value of less than £16,500. Whether your application is successful is at the discretion of your local council.
To apply for Discretionary Rural Rate Relief please contact our office on 01842 756568.
Discretionary Relief Guidelines
Further information regarding Discretionary Relief for Waveney District Council and Suffolk Coastal District Council can be found here:
- Waveney District Council Discretionary Relief Guidelines
- Suffolk Coastal District Council Discretionary Relief Guidelines
Small Business Rate Relief (SBRR)
For the period ending 31st March 2017, Small Business Rate Relief (SBRR) is available to ratepayers who occupy properties with rateable values of less than £12,000.
If you only occupy one property with a rateable value of £6,000 or less you can get 100% off your business rates. If the rateable value is between £6,001 and £12,000 the relief is worked out on a sliding scale.
Rateable Values between £12,000 and £17,999, will have their bill calculated using the small business multiplier.
In order to qualify for SBRR, the ratepayer must occupy the property, and the following criteria must be met:-
- The ratepayer must occupy only ONE business premises with a rateable value of less than £18,000; OR
- If they occupy more than one business premises, then all of the additional properties must have a rateable value of less than £2,600 AND the total rateable value of ALL the properties must not exceed £17,999
From 1st April 2014 onwards, a ratepayer who takes on a second property may not lose their existing relief for a period of 12 months.
From 1st April 2017, if you only use one property with a rateable value of £12,000 or less you will receive 100% relief, and if the rateable value is between £12,001 and £14,999, the relief if worked out on a sliding scale. Rateable values up to £51,000 will be calculated using the small business multiplier.
If you occupy more than one business premises, then all of the additional properties must have a rateable value of less than £2,900 AND the total rateable value of ALL the properties must not exceed £19,999.
Small businesses losing some or all of their Small Business Rate Relief as the result of a rateable value increase will have the charge increase capped at £600 per year, or £50 per month.
The ratepayer must notify the Council of changes in circumstances such as if they occupy any additional properties or if the rateable value of any of the properties increases.
The Valuation Office Agency has a list of current and previous multipliers
If you occupy retail premises that have been empty for 12 months or more you could be eligible for relief of up to 50% off your business rates. Reoccupation Relief applies for a maximum of 18 months. To qualify the property must:
- have been empty for 12 months or more before you occupied it
- have been used entirely or mainly for retail
- be reoccupied between 1 April 2014 to 31March 2016
- Contact us for an application form
This is a discretionary relief available to business rates payers who are experiencing exceptional difficulties. Contact us to discuss how we can help.
Local newspaper relief
From 1st April 2017, a discount of up to £1,500 will be available for office space occupied by local newspapers. The discount is restricted to one discount per newspaper title and per premises.
From 1st April 2017, certain pubs with a rateable value under £100,000 are eligible for a discount of up to £1,000. This will be applied automatically, there is no need for ratepayers to apply.
Retail Relief is no longer available after 31 March 2016
Retail and food premises with a rateable value below £50,000 attracts a discount of up to £1,000 in 2014 and up to £1,500 in 2015. For more details download our retail relief guidance leaflet or apply for retail relief