Small Business Rate ReliefSmall businesses can claim 'small business rate relief' if they occupy only one property and its rateable value (RV) is below £21,500.
The relief is only available to ratepayers with either
- One property, or
- One main property and other additional properties providing those additional properties have rateable values less than £2,200, and
- The total value all the properties remains under the appropriate threshold (£15,000 outside London or £21,500 within London)
50% relief will be given for ratepayers occupying single properties with a rateable value up to £5,000, and then on a sliding scale until it is 0% at £10,000.
In addition to this, the eligible business properties with rateable values between £10,000 and £21,500 (£15,000 outside London) will have their bills calculated using the lower small business non-domestic rating multiplier. The small business non-domestic rating multiplier for 2007-08 will be 44.1p per pound of rateable value.
Prior to 31st March 2007, ratepayers had to apply for Small Business Rate Relief each year.
From April 1 2007 a change in the law means that an application is only required each time a new rating list comes into force (normally every five years).
The next rating list comes into force on April 1 2010 so after 2007-08, businesses claiming the relief need not reapply until 2010-11, provided that their circumstances remain unchanged.
Small business rate relief application forms
 Application form for 2007-08 onwards.*
Application form for 2006-07 only.*
*In order to view this form you will need Adobe Acrobat installed on your computer. Please click here to download Adobe Acrobat .
Contact us
By telephone
020 8290 7133
By post
The Business Rates Section
London Borough Of Southwark
P.O. Box 782
Bromley
BR1 3YE
Please indicate which department your query is for.
In person
Bermondsey One Stop Shop
Spa Road
Bermondsey
SE16 3QN
Peckham One Stop Shop
Ground Floor
Peckham Library
122 Peckham Hill Street
SE15 5JR
Walworth One Stop Shop
151 Walworth Road
London
SE17 1RY
All one stop shops are open from Monday to Friday, 9am to 5pm. In addition, Peckham one stop shop is open on Saturday, 9am to 1pm.
By email
Soubusinessrateuk@liberata.com |