Business rate payers losing small business or rural rate relief following the 2023 revaluation will have their increases limited to the greater of either:
- a cash value of £600 per year, or
- the matching cap on increases for small properties in the transitional relief scheme.
Some businesses are facing an increase in rates because of the increase in their rateable value, which has taken them over the qualifying limit for the existing small business rate relief.
We will apply this relief to your business rates account automatically, if you qualify for it.