Revaluation 2023 and relief schemes
Relief schemes
We have two business rate reliefs to help businesses affected by the 2017 revaluation: supporting small businesses relief and new discretionary relief.
Supporting small business relief
Ratepayers who lost their Small Business Rate Relief (SBRR) as a result of the 2023 revaluation will have the increase in their bill limited to a cash value of £600 per year. This scheme is called 2023 Supporting Small Business Relief (2023 SSBR).
If a ratepayer was getting 2017 SSB relief in 2023/24, this has ended with effect from 31 March 2024. All other ratepayers who receive 2023 SSBR will get this for either 3 years or until they reach the bill that they would pay without the scheme.
The relief will be automatically awarded to ratepayers who are eligible. The relief will continue if there is a change of ratepayer but will no longer apply if the property becomes unoccupied or is occupied by a charity or Community Amateur Sports Club.
Any relief provided under this scheme is likely to amount to a subsidy and needs to comply with subsidy control obligations.
If you think your business is likely to breach this limit, let us know.
Discretionary rate relief policy
You can download our discretionary rate relief policy for Supporting small business relief.
Download our discretionary rate relief policy (PDF, 43kb)
Page last updated: 12 March 2024
