Small Businesses

Eligible business properties with a rateable value of less than £6,001 will get 50% rate relief (from 1st October 2010 to 31st March 2013, this relief is increased to 100%). Properties with a rateable value over £17,999 will receive no relief. There will be an exact sliding taper for those with a rateable value between £6,001 and £12,000. In addition properties eligible for this relief will have their bills calculated using the small business non-domestic rating multiplier.

All business properties with rateable values between £12,001 and below £18,000, outside London, will have their rates bill calculated using the small business non-domestic rating multiplier.

Who will qualify

Small business rate 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 less than £2,600.

A qualifying property must be within the thresholds outlined above and must meet the criteria on every chargeable day for which the relief is claimed.

The relief is not available for unoccupied properties.

How much will it be

From 1st April 2012, all properties with rateable values below £18,000 will have their bill calculated using a reduced multiplier (e.g from 01/04/2012 to 31/03/2013 this is 45.0p instead of 45.8p)
Eligible properties with a rateable value of not more than £6,000 will get 50% rate relief (from 1st October 2010 to 31st March 2013 this relief is increased to 100%).
For eligible properties with a rateable value from £6,001 to £12,000 the amount of relief will reduce on a sliding scale of 1% for every £60 below £12,001 rateable value.

How to apply

An application for Small Business Rates Relief is not required. Where the ratepayer meets the eligibility criteria and has not received the relief, they can request relief by either telephoning 01642 397108 or via the following link:

https://www.forms.stockton.gov.uk/ufs/ufsmain?formid=RES_033_SBRR_FORM

Provided that the ratepayer continues to satisfy the condition for relief, they will automatically continue to receive relief in each new valuation period.

Where the ratepayer is an individual as opposed to a company, contact must be made by the ratepayer or business partner. Where the ratepayer is a company, contact must be made by an officer of that company e.g a director, company secretary or trustee.

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