Small Businesses: Business Rates — Written Question

Question

Sir Gavin Williamson

Conservative — Stone, Great Wyrley and Penkridge

To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of businesses that will no longer be eligible for Small Business Rate Relief as a result of inflationary and revaluation-driven increases in rateable values at the

Answer

James Murray

Small Business Rate Relief (SBRR) is available to businesses with a single property with a rateable value (RV) below the threshold of £15,000. If a business expands to a second property, it retains SBRR on the first property for 12 months. Following that,...

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