Small business rate relief (SBRR)
Small business rate relief is a national discount scheme administered by the council on behalf of the Government. It is awarded on a sliding scale depending on the size of your Rateable Value (RV).
The maximum amount of discount is 100%. This means you may be able to reduce your bill to nothing, depending on your Rateable Value (RV).
2017 Scheme (1st April 2017 onwards)
Businesses with a property with a rateable value of £12,000 and below will receive 100% relief. Businesses with a property with a rateable value between £12,001 and £14,999 will receive tapered relief.
Please note that the Valuation Office Agency have re-assessed all rateable values, with the revaluation taking effect 1 April 2023.
Further information on rateable values can be found at The Valuation Office Agency.
How much reduction will I get?
- If the rateable value is £12,000 or less, you will get a 100% discount.
- If the rateable value is between £12,001 and £14,999, the discount is calculated on a sliding scale. For example, you will get a 50% discount if your rateable value is £13,500
- If your rateable value is £15,000 or over, no Small Business Rate Relief can be awarded.
Do I qualify?
To qualify for relief you must occupy either:
- One property with a rateable value of less than £15,000 or
- One main property with a rateable value of less than £15,000 and all additional properties which each have a rateable value below £2,900, and the total rateable value of all your properties is below £20,000
- From 14 February 2014 businesses can receive a Small Business Rate Relief on their first property for 12 months, even if you take on a second one. When applying for SBRR please note this reduction can only be applied to one account.
- Relief is only applicable to occupied properties where the ratepayer is not entitled to mandatory relief as a charity.
How to apply
If you wish to claim SBR please complete the form below and return it to BusinessRates@nottinghamcity.gov.uk
- Empty properties do not qualify for SBRR.
- Ratepayers in receipt of mandatory charity relief do not qualify for SBRR.
- You must notify us within 28 days of any changes in your circumstances that may affect your entitlement to relief, e.g. if you become liable for an additional property or the property becomes vacant
- If you make a false declaration you can be fined, imprisoned or both.