Small Business Bonus Scheme
From 1 April 2023 the Small Business Bonus Scheme is changing.
If you were in receipt of the Small Business Bonus Scheme at 31 March 2023 you are required to make a new application.
A summary of the Small Business Bonus Scheme from 1 April 2023 is set out in the tables below:
Ratepayers with a single property:
| Rateable Value of Property | Rate of Relief |
|---|---|
| £12,000 or less | 100% |
| £12,001 to £15,000 | Tapered from 100% to 25% |
| £15,001 to less than £20,000 | Tapered from 25% to 0% |
Ratepayers with multiple properties:
| Cumulative Rateable Value of all Properties | Rate of Relief |
|---|---|
| £12,000 or less | 100% |
| £12,001 to £35,000 | 25% for individual properties with rateable value of £15,000 or less |
| Tapered from 25% to 0% for individual properties with rateable value of £15,001 to less than £20,000 |
Note: No relief will be available where the property is unoccupied or used for car parking, advertisements, betting or payday lending.
If you receive a reduction we will review this regularly by asking you to complete an application form.
Small Business Bonus Transitional Relief
For those ratepayers who lose or see a reduction in Small Business Bonus Scheme relief there is a new Small Business Transitional Relief scheme.
The scheme will cap the maximum increase in the rates liability for those ratepayers, in cash terms relative to 31 March 2023 at £600 in 2023/24, rising to £1,200 in 2024/25 and £1,800 in 2025/26.
Subsidy Control
Small Business Bonus Scheme and Small Business Bonus Transitional Relief may be offered as Minimal Financial Assistance (MFA) subsidy under the Subsidy Control Act 2022. The application form will detail the additional information required from you.
How to apply
To apply for this reduction please complete and submit our Small Business Bonus Application.
Small Business Bonus Scheme Prior to 1 April 2023
The level of relief prior to 1 April 2023 is set out in the table below:
| Rateable Value | Rate Relief |
|---|---|
| £15,000 or less | 100% |
| £15,001 to £18,000 | 25% |
| *£18,001 to £35,000 | 25% |
*If the combined rateable value of two or more of a business's properties in Scotland (excluding the rateable value of a property used mainly for a Reverse Vending Machine) is between £18,000 and £35,000, the scheme will give a 25% relief (reduction) for individual properties with a rateable value of £18,000 or less.
Properties that are empty or used for payday lending are specifically excluded from any reduction under this scheme.
