The new business rates multipliers have been announced for 2019-2020. These will apply to Rateable Values as follows:
- Below £12,000 will continue to be rates free, providing this is a businesses only operating property.
- Between £12,000 – £15,000 will qualify for tapered relief.
- Between £15,000 – £51,000 will pay the small business multiplier, which has increased from 48.0 to 49.1 pence in the pound.
- Above £51,000 will pay the standard multiplier, which has increased from 49.3 to 50.4 pence in the pound.
If you require further advice then please contact us on 01604 620616.
Tom Drake – May 2019