Rate reliefs and exemptions
Supporting Small Business
The scheme is intended to help those ratepayers who have lost some or all of their Small Business Rate Relief as a result of the 2017 revaluation.
This scheme was due to end on 31 March 2022, however, at the Budget on 27 October 2021, the government announced it would extend the current SSB relief scheme for one year to 31 March 2023.
The scheme will make sure that the increase per year is limited to the greater of either a percentage increase per year of 5%, 7.5%, 10%, 15% and 15% 2017 / 18 to 2022 / 23 (all plus inflation), or an increase of £600 per year.
In the first year of the scheme, all ratepayers losing some or all of their SBRR will see the maximum increase in their bill of £600.
The minimum increase will be £600 per year thereafter.