What is Small Business Rate Relief?
Eligible businesses with rateable values below £6,000 will get 50% rate relief on their liability and have their liability calculated using the lower small business non-domestic rate multiplier. This relief will decrease on a sliding scale of 1% for every £120 of rateable value over £6,000 up to £11,999.
Eligible businesses with rateable values between £12,000 and £17,999 will have their liability calculated using the lower small business non-domestic rating multiplier.
Autumn Statement - Announcement
November 2011:
The Government announced a temporary doubling of the relief rate until 31 March 2013.