North East Lincolnshire Council

Changes to small business rate relief

Did you know, business rate relief for small businesses is changing from 1 April?

You can get small business rate relief if your property’s rateable value is less than £15,000 (from April 2017) and your business only uses one property.

From 1 April 2017, you won’t pay business rates on a property with a rateable value of £12,000 or less (replacing the previous threshold of £6,000 or less).

For properties with a rateable value of between £12,001 – £14,999 , the rate of relief will go down gradually from 100% to 0%.

If your rateable value is £13,500, you’ll get 50% off your bill. If your rateable value is £14,250, you’ll get approximately 25% off.

If your property has a rateable value of under £51,000, you’re still considered to be a small business. But if you don’t qualify for small business rate relief above, i.e. your property has a rateable value of more than £15,000, your bill will be calculated using the small business multiplier (0.466). This is lower than the standard one paid by small businesses whose properties have a value of £51,000 or more (will pay a multiplier of 0.479).

Additionally, charities and community amateur sports clubs can apply for a charitable rate relief of 80% if a property is used for charitable purposes, but in certain cases can be considered for the remaining 20%, which would entitle them to 100% rate relief.

How your rates are calculated:
Business rates are worked out based on a property’s rateable value. This is its open market rental value on 1 April 2008, based on an estimate by the Valuation Office Agency. If you want to check the rateable value information for any specific property, visit

If you think you might be eligible for rate relief, visit

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