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<p>Small Business Rate Relief (SBRR) is available to businesses with a single property below a set rateable value. Eligible properties under £12,000 will receive 100 per cent relief, which means around a third of businesses in England (713,000) pay no business rates at all. There is also tapered support available to properties valued up to £15,000. This is a tax cut worth over £2.1 billion per year to support the smallest businesses.</p><p> </p><p>Rural Rates Relief (RRR) is also available to businesses in eligible rural areas. Eligibility requirements can be found at: <a href="https://www.gov.uk/apply-for-business-rate-relief/rural-rate-relief" target="_blank">https://www.gov.uk/apply-for-business-rate-relief/rural-rate-relief</a>.</p><p> </p><p>At Autumn Statement 2022, the Government announced a package of changes and tax cuts worth £13.6 billion over the next five years, including a freeze to the business rates multiplier for 2023-24, a tax cut worth £9.3 billion over the next 5 years, meaning all bills are 6% lower than without the freeze.</p> |