SBRR: Small Business Rates Relief – A Guide

Any property in England and Wales with a rateable value of under £15,000 is eligible for Small Business Rate Relief (SBRR) if the business only occupies and pays business rates for one property or multiple properties with no single rateable value greater than £2,899 and the total rateable value (RV) of your properties must be below £20,000 (£28,000 in London).

If you are a small business In England and do not qualify for Small Business Rate Relief but you have a rateable value under £51,000, your business rates will instead be calculated using the Small Business Multiplier. The standard multiplier used to calculate your business rates amount payable is currently 51.2p until 31 March 2022. The Small Business Multiplier is 49.9p.

Eligible businesses with a rateable value of below £12,000 should receive 100% business rate relief. This discount decreases on a sliding scale of 1% for every £30 of rateable value over £12,000 RV, up to £15,000 RV.

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Example

• £12,000 Rateable Value = 100% Small Business Rate Relief Discount
• £13,000 Rateable Value = 66% Small Business Rate Relief Discount
• £14,000 Rateable Value = 33% Small Business Rate Relief Discount
• £15,000 Rateable Value = Zero Small Business Rate Relief Discount
• Eligible businesses with rateable values of between £15,001 and £50,999 will have their liability calculated using the small business multiplier.
• The small business rate multiplier is currently 49.9p (2021-22)
• The standard rate multiplier is currently 51.2p (2021-22)
• Small businesses in receipt of small business rate relief usually continue to receive it without the need to re-apply, if they remain eligible for it.

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If you would like to find out if you are eligible to receive small business rates relief (SBRR) for your property, you can contact the CPRA business rates department on 020 7770 8000 or email info@cpragroup.com. CPRA are specialists at reducing business rates costs. Any initial business rates advice provided is free and without obligation.