If your business only uses one property and that property has a rateable value of less than £12,000, you may be due a Business Rates refund if you have not already claimed small business rate relief.
You may also be eligible for a refund if you have taken on new premises in the past year, or if each of your business’s other properties has a rateable value of less than £2,600.
Until 31 March 2017, Small Business Rate Relief of 100 percent applies to properties with a rateable value of £6,000 or less. In other words, you do not have to pay business rates on properties that meet these criteria.
For properties with a rateable value between £6,001 and £12,000, gradually decreasing rates of relief apply, ranging from 100 to 0 per cent of the business rates normally owing.
Additionally, if your business’s property has a rateable value of between £12,001 and £18,000 your Business Rates should be calculated using the small business multiplier and not the higher standard multiplier.