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.

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.