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 buildlings 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 by advising the Revenues and Benefits team via our online portal.
You will need to make an application using our online form and upload it using our portal. To make an application, 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 in order 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
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 |