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Small Business Rate ReliefFrom 1 April 2005 businesses with a rateable value of up to £10,000 may qualify for a reduction in their rates, and those with a rateable value of between £10,000 and £14,999 may have their rates calculated using the small business rate multiplier. Businesses with a rateable value of less that £5,000 can get 50% relief. Relief reduces in % terms where rateable values are between £5,000 and £10,000 at the rate of 1% per £100.00. To find out more contact the Local Taxation Service. |
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