If the rateable value of the property you occupy is less than £51,000 (and you are not entitled to another mandatory relief), your bill will be calculated using the lower small business non-domestic rating multiplier, rather than the national non-domestic rating multiplier.
Also, generally, if your sole or main property is shown on the rating list with a rateable value of up to £15,000, you will receive a percentage reduction in your rates bill for this property of up to a maximum of 100 per cent. For a property with a rateable value of up to £12,000, you will receive a 100 per cent reduction in your rates bill.
Generally, this relief is only available to ratepayers who occupy either:
(a) one property; or
(b) one main property and other additional properties, providing those additional properties each have a rateable value of up to £2,900.
The rateable value of the property mentioned in (a), or the aggregate rateable value of all the properties mentioned in (b), must be less than £20,000 on each day for which relief is being sought. If the rateable value, or aggregate rateable value, increases above those levels, relief will usually end from the day of the increase. However, the Government has introduced additional support to small businesses. If you take on an additional property that would normally mean the loss of small business rate relief, the Government has confirmed that you will be allowed to keep that relief for a period of 12 months.
You do not need to make a written application for small business rate relief, but we do need to check that you meet the conditions to receive the relief. If you think that you should be getting this relief, but it isn't shown on your bill, please get in touch.
If you are receiving small business rate relief, you must tell us if:
(a) you take up occupation of an additional property; or
(b) there is an increase in the rateable value of a property you occupy outside the area of Dacorum Borough Council.