Small Business Rate Relief

14.02.2017 Michael Glover Share this post 

Business rates could be one of your company's largest outgoings so it is important that you don't pay any more than you need to. Your business premises will have a rateable value. If your rateable value is below £12,000 and it is your only business premisis then you could be entitled to 'Small business rate relief '

If you match this criteria you will get 100% relief until 31st March 2017 if your rateable value is £6,000 or less (i.e. a rates bill of zero). The rate relief gradually decreases from 100% to 0% for properties with a rateable value between £6,001 and £12,000.

This scheme has been in place for several years now, but has been amended again in the recent budget. The scheme has now been introduced permanently where it had previously been reviwed annaully and the threshold for the 100% will increase considerably form 1st April 2017 up from £6,000 to £12,000. Tapered relief will be available for properties with rateable values between £12,001 and £15,000. This will mean several thousand of businesses will no longer pay and rates at all.

You will not automatically been given this rate relief.You must apply to your local aurthority that you pay your business rates to.

If you need any futher infomation or help please contact Wallace Jones on 0115 9468946



    Post is not in any categories.


Post has not been tagged.

Latest News

Love Thy Neighbour – and stay on their good side

Here’s a rather unnerving fact, as highlighted in research from insurance company CPP: a million Britons have moved house because of disputes with t…

Don’t Lag Behind – Get Insulated

It’s autumn, it’s the UK… and therefore - inevitably and obviously - it’s freezing. So what have you done to winterise your house? Or were you…

Extending your options

Need more space for the family but love where you live? Extending your house could be the answer. Research shows that more and more homeowners are cho…

Feeling hot this summer?

One of the fastest growing design trends is the ‘outdoor room’ – and what could represent a better focal point for this than a super-cool hot tu…

Auction News

Keep up to date with the latest Auction News

News Blog

Keep up to date with latest market trends and Legislation

Business News

Keep up to date with everything to do with Wallace Jones

View our Properties

View a selection of our latest instructions