Business Rates & Relief:

Small Business Rates Relief
If your business uses one property, you won’t pay business rates on a property with a rateable value of £12,000 or less. For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%.

Uniform Business Rates Multiplier
The Uniform Business Rates multiplier for 2022/23 is 51.2p in £ and the small business rates relief multiplier is 49.9p in £ and these are to be frozen for the year 2023/24 as well. Use the small business multiplier if your rateable value is below £51,000.

2023 Business Rates Revaluation
In the 2022 Autumn Statement on 17 November, the Chancellor announced that the 2023 Supporting Small Business scheme, the scheme will cap bill increases at £600 per year for business losing eligibility for some or all Small Business Rate Relief or Rural Rate Relief at the 2023 revaluation. https://www.gov.uk/government/publications/business-rates-relief-2023-supporting-small-business-relief-local-authority-guidance


Empty Business Rates
Most businesses must pay full business rates business rates on empty buildings for 3 months although industrial premises (eg warehouses) are exempt for a further 3 months, 6 months in all.