If you pay business rates, you may be eligible for rate relief or a discount. There are several options available.

Small Business Rate Relief

Ratepayers in Waverley who are not entitled to another mandatory relief or are liable for unoccupied property rates and occupy a property with a rateable value which does not exceed £50,999, will have their bill calculated using the small business non-domestic rating multiplier, rather than the standard non-domestic rating multiplier.

In addition, generally, if the sole property is shown in the Rating List with a rateable value which does not exceed £12,000 the ratepayer will receive a 100% reduction in their rate bill for this property. A property with rateable value between £12,000 and 14,999 will receive relief on a sliding scale.

Generally, this percentage reduction (relief) is only available to ratepayers who occupy either:-

A) One property, or

B) One main property and other additional properties providing those additional properties each have a rateable value which does not exceed £2,899.

The rateable value of the property mentioned in (a), or the aggregate rateable value of all properties mentioned in (b), must not exceed £19,999 on each day relief is being sought. If the rateable value, or aggregate rateable value, increases above those levels, relief will cease from the day of the increase. 

However, the Government has introduced additional support to small businesses for those that take on an additional property which would normally have meant the loss of small business rate relief, the Government has confirmed they they will be allowed to keep that relief for a period of 12 months.

An application for Small Business Rate Relief is not required. If a ratepayer meets the eligibility criteria and has not received the relief they should contact Waverley’s Business rate section. Provided that the ratepayer continues to satisfy the conditions for relief which apply at the time as regards the property and the ratepayer, they will automatically continue to receive relief in each new valuation period.

Certain changes in circumstances will need to be notified to the local authority by the ratepayer who is in receipt of the relief including:

  1. The ratepayer taking up occupation of an additional property, and
  2. An increase in the rateable value of a property occupied by the ratepayer in an area other than the are of the local authority which granted the relief.

You can apply for small business rate relief if generally occupy only one property and your rateable value is below a certain level.

For full details, please visit the Small business rates relief page on Business Link or call the Business Rates team on 01483 523522.

How to apply

Download, complete and return the small business relief application form.

Rate relief for businesses in rural areas

Certain types of properties in a rural settlement with a population below 3,000 may be entitled to relief. The Government has revised the scheme from April 2017 so that a property that is the only general store, the only post office or a food shop and have a rateable value of less than £8,500, or the only petrol station and have a rateable value of less than £12,500 will be entitled to 100% mandatory relief provided the property is occupied.

Empty property exemptions

  • Empty properties are exempt from business rates for three months after they become vacant, or six months for industrial premises.
  • Listed buildings are exempt until they become occupied again.
  • From 1 April 2017, buildings with a rateable value under £2,899 are exempt whilst they remain unoccupied.
  • Properties owned by charities are exempt if its next use is likely to be wholly or mainly for charitable purposes.
  • Community amateur sports club buildings are exempt if their next use is likely to be wholly or mainly a sports club.

If your business only occupies part of a property, you may also be eligible for some rate relief.  Please contact us (see contact details on right) to discuss your circumstances.

How to apply

If you believe your property may be exempt, please contact us (see contact details on right).

Please note, after the exemption period ends, you will be liable to pay the full rate.

Charities and community amateur sports clubs - not-for-profit

Charities and registered amateur sports clubs can apply for charitable relief, which can reduce the bill by 80 per cent.  We also have discretion to remit all or part of the remaining 20 per cent on such properties.

How to apply

Rate relief for businesses in rural areas

Certain types of properties in a rural settlement with a population below 3,000 may be entitled to relief. The property must be the only general store, the only post office or a food shop and have a rateable value of less than £8,500, or the only public house or the only petrol station and have a rateable value of less than £12,500. The property has to be occupied. An eligible ratepayer is entitled to relief at 50% of the full charge whilst the local authority also has discretion to give further relief on the remaining bill.  In addition, the local authority can give relief on certain other occupied property in a rural settlement where the rateable value in less that £16,500.

How to apply

 Download, fill in and return the Business rates - rural rate relief form.

 Hardship Relief

We have discretionary powers to grant relief for businesses and organisations experiencing particular financial hardship.  A quarter of the cost of any Hardship Relief falls directly on local council tax payers and we will therefore need evidence that:

  • You would suffer hardship if we did not grant Hardship Relief, and;
  • Granting Hardship Relief would benefit the wider community. For example, because you are the only provider of a service in the area.

You should be aware that councils are expected to grant Hardship Relief as an exception rather than a rule.

How to apply

Download, fill in and return the relevant form:

Page owner: Becky Mortimer. Last updated: 13/03/2017 11:53