All ratepayers with properties whose rateable values are less than £51,000 will automatically have their bill calculated using small business non-domestic rating multiplier.
Additional relief can be awarded which is stepped, so that those with a rateable value of less than £12,000 may be able to claim 100% relief, reducing to no relief at a rateable value of more than £15,000.
Who is the scheme available to?
The percentage reduction is available to ratepayers who occupy either:
a) one property with a rateable value less than £15,000 in England effective from 1 April 2023 or
b) one main property with a rateable value less than £15,000 and other additional properties, providing those additional properties each have rateable values of less than £2,900 effective from 1 April 2023, and the total rateable value of all the properties remains under £20,000 effective from April 2023 (the relief will only be applied to the main property, the other properties do not qualify for relief)
The Government has also introduced additional support for small businesses. For those businesses that take on an additional property which would normally have meant the loss of small business rate relief, the Government has confirmed that they will be allowed to keep that relief for a period of 12 months.
Changes of circumstances
Certain changes in circumstances will need to be notified to Chesterfield Borough Council by the ratepayer that is in receipt of relief.
The changes which should be notified are:
- the ratepayer taking up occupation of an additional property
- an increase in the rateable value of a property occupied by the ratepayer in an area other than the area of the local authority which granted the relief
- the property falling vacant
Please notify Chesterfield Borough Council on 01246 345425 or email revenues.businessrates@chesterfield.gov.uk.
Any business that does not qualify will have their Business Rates accounts calculated using the standard Business Rates multiplier.
For further information about business rates see Gov.uk Business Rates.
How do I apply for small business rate relief?
You still need to register for non-domestic rates even if you think you are entitled to 100% relief.
If you believe you may be entitled to relief, please contact the non-domestic rating section on 01246 345425, email revenues.businessrates@chesterfield.gov.uk or