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Are you owed a refund on your Business Rates?

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Are you owed a refund on your Business Rates?

If your business only uses one property and that property has a rateable value of less than £12,000, you may be due a Business Rates refund if you have not already claimed small business rate relief.

You may also be eligible for a refund if you have taken on new premises in the past year, or if each of your business’s other properties has a rateable value of less than £2,600.

Until 31 March 2017, Small Business Rate Relief of 100 percent applies to properties with a rateable value of £6,000 or less. In other words, you do not have to pay business rates on properties that meet these criteria.

For properties with a rateable value between £6,001 and £12,000, gradually decreasing rates of relief apply, ranging from 100 to 0 per cent of the business rates normally owing.

Additionally, if your business’s property has a rateable value of between £12,001 and £18,000 your Business Rates should be calculated using the small business multiplier and not the higher standard multiplier.

If you have not previously received Small Business Rates Relief but think you may have been eligible, please contact us for information on how to receive a refund.

Link: Business rates relief


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