On 1st April 2017, the Government launched the Small Business Rate Relief Scheme (SBRR).
This was aimed at reducing the financial burden on small businesses. This scheme benefits businesses occupying a single property with a rateable value up to and including £12,000 with 100% rate relief.
There is also tapered relief between 100% and 0% for properties with rateable values between £12,001 and £15,000.
The small business rate relief scheme is only available to ratepayers with either:
Only one non-domestic property in England; or
One main property and other additional properties, providing those additional properties have rateable values of less than £2,900 and the total rateable value of all properties remains under £20,000.
Small Business Rates Relief is not available to ratepayers receiving either Mandatory Rural Rate Relief or Mandatory Charitable Relief.
Small business rates relief could save your business hundreds, if not thousands of pounds a year. At Sutton & Co we have the expertise needed to challenge your business rates, we work with businesses big and small across all industries..