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How Much Relief Can I Get?

It depends on the Rateable Value (RV) of your property:

  • If your RV is less than £5,000 then you will receive a 50% reduction in your annual business rates. With effect from 1st April 2010 the RV will change to £6,000.
  • If your RV is between £5,000 and £9,999 you will receive a reduction of between 1% and 49% of your annual business rates. (The relief is reduced by 1% for every £100 of rateable value above £5,000). With effect from 1st April 2010, if your RV is between £6,000 and £11,999 you will receive a reduction of between 1% and 49% of your annual business rates. (The relief will be reduced by 1% for every £120 of rateable value).
  • If your RV is between £10,000 and 14,999, known as the 'Buffer Zone', you won't get any relief but you can claim exemption from the 'small business rate supplement' mentioned earlier. To qualify for this you need to meet the same conditions described above under 'Will I qualify for Relief?'. From the 1st April 2010, these thresholds change. With effect from the 1st April 2010, if your RV is between £12,000 and £17,999 you can claim exemption from the 'small business rate supplement'.

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