If your business lost small business rate relief or mandatory rural rate relief due to the 2017 or 2023 revaluations, you may be eligible for SSB relief.
Further information on this scheme can be found on the GOV.UK website.
The SSBR scheme
In March 2017 the government announced a new relief for ratepayers who, as a result of the a revaluation, lost eligibility to:
- small business rate relief; or
- mandatory rural rate relief
The relief will limit year on year increases when compared to the annual charge the year before. The increases are capped to the greater of:
- 5% for 2017/2018
- 7.5% for 2018/2019
- 10% for 2019/2020
- 15% for 2020/2021
- 15% for 2021/2022
- 15% for 2022/2023
- 15% (estimated) for 2023/2024
- a cash value of £600 per year
Please note, we'll also add inflation adjustment to the figures given above.
You may qualify if:
- you were entitled to small business rate relief or rural rate relief on the day before the revaluation comes into effect; and
- you lost your eligibility on on the day the revaluation takes effect due to an increase in your rateable value
Eligibility for SSBR will be lost if:
- a charity or community amateur sports club newly occupies a property
- the property is left vacant
You won't qualify if the award of relief would exceed State Aid or subsidy limits. For more information about State Aid and subsidy, please visit the GOV.UK site.
You don't need to apply. Supporting Small Business Rate Relief will be applied automatically if you lost Small Business Rate Relief or Rural Relief as a result of a revaluation.