Small Business Rate Relief - Will you benefit?

  • by Carole Jordan
  • 17 Mar, 2016
A small tech business researching small business rate relief

The Budget 2016 announcements are still being understood, but we have a brief lowdown for you on the small business rate relief (SBRR) and what savings this could mean for you.

Small Business Rate Relief rules to 31st March 2017

Currently 100% Small Business Rate Relief (SBRR) is available on business premises with rateable values of £6,000 or less, above this and to a level of £12,000 a proportion of the relief is available, reducing rates paid between 25% and 75%. Since being introduced some years ago, SBRR has always been considered temporary so, in each subsequent budget there has been an announcement about its continuation. 

Here are the current small business rate relief rules, which remain in place until 31st March 2017.   

And here, for our Brighton clients, the link to Brighton & Hove Council website where you can make a claim and even backdate SBRR to April 2010 .  

Small Business Rate Relief from 1st April 2017

In the Budget 2016 George Osborne announced that from 1st April 2017 100% SBRR will be available up to a rateable value of £12,000 with tapered relief to £15,000.

600,000 businesses will benefit from 100% relief and a further 51,000 will receive tapered relief.

Also from April 2017, lower rates will apply to businesses premises rateable values up to £51,000 by increasing the threshold at which standard business rates are paid. This is a significant rise from the current level of £18,000 and will capture 250,000 businesses across the UK although the difference between the multipliers are only 49.7 & 48.4 so the benefit to each business is relatively small, but still worth having!

Will Small Business Rate Relief benefit your business?

The benefits of these changes will have a greater impact where rateable values are lower, hence in Brighton and London fewer businesses will benefit. As an example, a local independent café in Brighton will benefit by the increase in the SBRR as they will now have 100% relief instead of the taper. Digital businesses are likely to benefit as their space needs are relatively low compared to turnover and profit levels, manufacturing businesses will generally not benefit due to their space requirements. So, when it comes to supporting small businesses this is a bit of a blunt instrument.

Will Retail Relief continue?

There was no mention of the continuation of Retail Relief which is due to finish at the end of this tax year (2015/16). It seems that retailers will lose their subsidy of £1,500 from 2016/17. 

If you’d like help keeping your costs down or managing your business growth call us now on 01273 882200, and ask how we support small businesses with our accountancy and consulting services. 

Don’t forget you can also Skype us, or email us at: for some tailored business advice.

All details above were correct at the time of publishing - for more up to date information please get in touch .

You might also be interested in...

If you enjoyed the blog, why not leave us a comment, or share it with a friend...

Free advice delivered to your inbox

Browse our other blog posts...

Our latest blog

by Carole Jordan 19 Jan, 2018

It’s always nice to reward your employees, especially those who may have worked for your business for a long time. Find out how you can do this and still reap the tax benefits.

by Carole Jordan 12 Jan, 2018
Now, more than ever, exporting across the world offers an opportunity not seen for many decades. 

If you want to grow your exports then the government want to help you on your way with Finance, Insurance and opportunities to meet potential customers. Yippee!

by Carole Jordan 08 Jan, 2018

There’s a hidden gap in skills and knowledge between those of us who are qualified Accountants, and those who refer to themselves as Accountants.  Every day we make an investment in your business to ensure you receive the quality of advice you need to protect your business.

by Carole Jordan 03 Jan, 2018

It’s January and its ‘National Pay Your Self-Assessment Tax Month’!
Your tax return should be safely in the HMRC net now but if you didn’t file before 12th December you will not receive a statement and payslip in the post. In any case, it’s best to brace yourself for making the payment as the statements are drip feeding very slowly through the postal system as I write.

by Carole Jordan 15 Dec, 2017
An easier way to pay your impending tax bill could be through your PAYE tax code. Find out if you qualify and how you can go about setting this up.
More posts
Share by: