Business Rates - Small Business Rates Relief

Business Rates - Small Business Rates Relief

From April 2023, businesses occupying only one property with a rateable value below £12,000 should be paying no rates.  

Below is a table showing the rates payable from April 2023 by businesses able to claim Small Business Rates Relief who occupy a single property having a Rateable Value between £12,000 and £15,000, for the financial year 2023/24.  It also shows the percentage of relief available for each Rateable Value.

These figures are based on the Small Business non-domestic multiplier for 2023/24 which has been set by central government at 49.9p to the pound. It may still be possible for some businesses to claim this relief back over many years.

Key:     RV  - Rateable Value.
                £     - Amount payable after claiming Small Business Rates Relief for 2023/24.
N.B.       These figures may vary by a few pence due to variations in decimal point calculations.

 

     RV         £ % Relief
12,050     100.24   98.333
12,100     201.24 96.667
12,150     303.14 95.000
12,200     405.87 93.333
12,250     509.37 91.667
12,300     613.77 90.000
12,350     719.00 88.333
12,400     824.99 86.667
12,450     931.88 85.000
12,500 1,039.60 83.333
12,550 1,148.09 81.667
12,600 1,257.48 80.000
12,650 1,367.70 78.333
12,700 1,478.68 76.667
12,750 1,590.56 75.000
12,800 1,703.27 73.333
12,850 1,816.75 71.667
12,900 1,931.13 70.000
12,950 2,046.34 68.333
13,000 2,162.31 66.667
13,050 2,279.18 65.000
13,100 2,396.89 63.333
13,150 2,515.35 61.667
13,200 2,634.72 60.000
13,250 2,754.92 58.333
13,300 2,875.88 56.667
13,350 2,997.74 55.000
13,400 3,120.44 53.333
13,450 3,243.96 51.666
13,500 3,368.25 50.000
13,550 3,493.44 48.333
13,600 3,619.39 46.667
13,650 3,746.24 45.000
13,700 3,873.93 43.333
13,750 4,002.37 41.667
13,800 4,131.72 40.000
13,850 4,261.90 38.333
13,900 4,392.84 36.667
13,950 4,524.68 35.000
14,000 4,657.36 33.333
14,050 4,790.79 31.667
14,100 4,925.13 30.000
14,150 5,060.30 28.333
14,200 5,196.23 26.667
14,250 5,333.06 25.000
14,300 5,470.73 23.333
14,350 5,609.15 21.667
14,400 5,748.48 20.000
14,450 5,888.64 18.333
14,500 6,029.56 16.667
14,550 6,171.38 15.000
14,600 6,314.04 13.333
14,650 6,457.45 11.667
14,700 6,601.77 10.000
14,750 6,746.92 8.333
14,800 6,892.83 6.667
14,850 7,039.64 5.000
14,900 7,187.29 3.333
14,950 7,335.69 1.667
15,000 7,485.00 0.000

                

 

 

 

 

 

Related Pages

Need more information?

Where organisations apply for relief they will be granted (or not granted) relief or reductions in line with the following policy. Discretionary Non-Domestic Rate Relief information

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