Business rates reductions
Small business rates relief
You can apply for small business rate relief if:
- you occupy one property
- the rateable value of your property is less than £15,000
- you occupy one main property and other additional properties, and which the additional properties each have a rateable value which does not exceed £2,899.
What you will get
You are entitled to 100% relief for a sole or main property with a rateable value of £12,000 or less.
For properties with a rateable value between £12,001 and £14,999, the rate or relief will gradually decrease from 100% to 0%.
If you have more than one property, you can get small business rate relief if the rateable value of each of your other properties does not exceed £2,899. The rateable values of the properties are added together and the relief is applied to the main property.
Change of circumstances
You must tell us if:
- you take up an additional property
- the rateable value of another property you use changes.
You must notify us within 28 days of the change taking place.
Additional support for small businesses
The government has introduced additional support to small businesses. For those businesses that take on an additional property which would have normally meant the loss of small business rate relief, the government has confirmed that they will be allowed to keep that relief for a period of 12 months.
If your property has a rateable value below £51,000, you’re considered a small business. If you do not qualify for small business rate relief, your business rates will be calculated using the small business multiplier instead of the standard one. This applies even if you have more than one property.
Backdating small business rate relief
Small business rate relief can be backdated for a maximum of six years from the date of your application, as long as you have met the qualifying criteria throughout.
How to apply for small business rate relief
To apply, please complete the application form and return it to Derby City Council, Business Rates, The Council House, Corporation Street, Derby, DE1 2FS or email business.rates@derby.gov.uk.