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3 days ago · For example, if there was agricultural property of £3 million and business property of £2 million, the allowance for the agricultural property and the business property will be £600,000 and £ ...
2 days ago · However, the business rate relief for RHL is set to be cut from 2025/26. The current rate is set at 75 per cent but will be replaced in 2026 by a 40 per cent relief on bills, up to a maximum discount of £110,000. The small business tax multiplier will also be frozen from next year. Alcohol Duty will go up for drinks not on draft in line with ...
3 days ago · October 30, 2024 5:09 pm (Updated 5:10 pm) The Chancellor vowed to “protect our smallest companies” in Labour’s first Budget in nearly 15 years – yet many firms feel they are being hit ...
2 days ago · Predominantly bricks-and-mortar retailers have for years complained that business rates - a property tax charged on most commercial properties to fund local services - are archaic and hand an ...
- What you’ll get
- If you use more than one property
- How to get small business rate relief
- If your circumstances change
- If you think you should be getting small business rate relief but are not
- If you think your rateable value is wrong
- If you’re getting less small business rate relief since 1 April 2023
- If you’re a small business but do not qualify for small business rate relief
How much small business rate relief you get depends on your property’s rateable value.
You will not pay business rates on a property with a rateable value of £12,000 or less, if that’s the only property your business uses.
When you get a second property, you’ll keep getting any existing relief on your main property for 12 months.
You can still get small business rate relief on your main property after this if both the following apply:
•none of your other properties have a rateable value above £2,899
•the total rateable value of all your properties is less than £20,000 (£28,000 in London)
Contact your local council to:
•check if you’re eligible
•find out how to get small business rate relief
•check if you can get any other types of business rates relief on top of small business rate relief
Report changes to make sure you’re paying the right amount and do not get a backdated increase in your bill or overpay.
Contact your local council if:
•your property becomes empty
•you get another property
•you make any changes to your property that would increase its value - for example, extending or renovating it
•the nature of your business changes or it moves to different premises
Contact your local council if you’re not getting small business rate relief and you think you’re eligible for it.
You can challenge your property’s rateable value with the VOA. Use your business rates valuation account to do this.
You may be eligible for the supporting small business relief scheme if you’ve lost some or all of your small business rate relief because of the revaluation on 1 April 2023.
Find out more about the supporting small business relief scheme.
Your business rates bill is calculated using a ‘multiplier’ - your rateable value is multiplied by this number to get your final bill.
If your property has a rateable value below £51,000, your bill will be calculated using the small business multiplier, which is lower than the standard one. This is the case even if you do not get small business rate relief.
The small business multiplier is 49.9p and the standard multiplier is 51.2p from 1 April 2023 to 31 March 2024. The multipliers may be different in the City of London.
Find out how to estimate your business rates bill.
You may be eligible for another type of business rate relief. For example, if:
•you have a retail, hospitality or leisure property
Aircraft Research Association (ARA) was established in 1952 to provide an independent research and development organisation for the UK aerospace industry. Today ARA has a global customer base extending from the west coast of North America, across Europe, to the Far East of Asia and is recognised as a Centre of Excellence in Aerodynamics.
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Are business rates archaic?
Chamber's Bedfordshire Business Ambassador, Paul Hutchings, CEO of the Aircraft Research Association (ARA), talks about what it means to be an ambassador and his commitment to building a pipeline of local talent within the organisation.
