Reliefs and Exemptions

Supporting Small Business Relief

You can get supporting small business relief from 1 April 2023 if your business rates bill went up after the 2023 revaluation and you've lost some or all of your small business rate relief or rural rate relief as a result of an increase in your rateable value

At Autumn Statement 2022 the Chancellor also announced that a new Supporting Small Business (SSB) relief scheme which will cap bill increases at £600 per year for any business losing eligibility for Small Business Rate Relief or Rural Rate Relief at the 2023 revaluation. The scheme also provides support for those previously eligible for the 2022/23 SSB scheme and facing large increases in 2023/24 but in those cases for one further year only. This relief applies to the following financial years 2023/24, 2024/25 & 2025/26. Awards reduce over the years so bills will increase.

The increase in rates bills is capped at:

£600.00 for 2023/24

£1200.00 for 2024/25

£1800.00 for 2025/26

You do not need to apply for this relief it will be applied automatically to qualifying accounts.

The council will adjust your bill if you're eligible.

You can read the full guidance Supporting Small Business Relief Guidance and view the Torridge Policy here Torridge Supporting Small Business Relief Policy 2023-26 (PDF, 189 KB)