OFFICE SPACE NORTH DORSET
Small business rate relief
You can get small business rate relief if:
What you get
Until 31 March 2014 you’ll get 100% relief (doubled from the usual rate of 50%) for properties with a rateable value of £6,000 or less (this is the majority of our units at The Wincombe Centre). This means you won’t pay business rates on properties with a rateable value of £6,000 or less.
The rate of relief will gradually decrease from 100% to 0% for properties with a rateable value between £6,001 and £12,000.
You have more than one property
You could get small business rate relief if the rateable value of each of your other properties is less than £2,600.
The rateable values of the properties are added together and the relief applied to the main property.
You’re a small business but don’t qualify for relief
If your property has a rateable value below £18,000 you’re considered a small business.
Even if you don’t qualify for small business rate relief, your business rates will be calculated using the small business multiplier instead of the standard one. This is the case even if you have multiple properties.
The multiplier shows the percentage (pence in the pound) of the rateable value that you pay in business rates.