Small business rates
Small Business Rate Relief (SBRR) entitles small businesses to a reduction of up to 50% on their rates bills.
SBRR is available provided that certain conditions are satisfied. One such condition is that the business only occupies one rateable property in England, the rateable value of which falls below the specified threshold.
With effect from 1st April 2010, rateable values will change as a result of revaluation. From the same date, there is an increase in the specified threshold from £14,999 to £17,999 (or, for properties in Greater London, from £21,499 to £25,499).