From 1 April 2023 the Government put into place a Supporting Small Business scheme which will cap bill increases at £600 per year for any business losing eligibility for some or all of their Small Business Rate Relief as a result of the 2023 revaluation.
To support these ratepayers, the Supporting Small Business scheme will ensure that the increase in the 2024/25 bills is limited to a cash value of £600 for the year. This maximum cash increase ensures that ratepayers do not face large bill increases in 2024/25 after transitional relief and small business rate relief (as applicable) have been applied.
This relief will be calculated and applied automatically to bills which will be issued to qualifying businesses. There is no need to apply for this relief.
Please be advised in the November 2023 Autumn Budget, the rules for Supporting Small Business Rate Relief changed. If you received Supporting Small Business Rate Relief or Transitional Relief in the Extension scheme in 2022-23, you would receive the new relief in 2023-24 only and not in any subsequent years.