Small Businesses: Non-domestic Rates
(asked on 10th February 2021) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to reduce the rates relief threshold for small businesses.
This question was answered on 24th February 2021
The Government has no immediate plans to change the eligibility criteria for Small Business Rates Relief (SBRR).
The Government has no immediate plans to change the eligibility criteria for Small Business Rates Relief (SBRR).
Properties with a rateable value of £12,000 or less pay no business rates under SBRR. For properties with a rateable value above £12,000 and less than £15,000, SBRR tapers from 100% relief to 0%.
The fundamental review of business rates will consider all parts of the business rates system, including reliefs and any eligibility criteria.