Business Rates Reductions

Frequently Asked Questions for this Service

Question: Am I entitled to Small Business Rate Relief?

Answer: You can get small business rate relief if:
The property's rateable value is less than £15,000
Your business only uses one property - you may still be able to get relief if you use more

You will not pay business rate on a property with a rateable value of £12,000 or less

For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%

If you use more than one property - when you get a second property, you will keep getting existing relief on your main property for 12 months.

You can still get small business rate relief on your main property after this if both the following apply;

none of your other properties have a rateable value above £2,899, and the total rateable value of all your properties is less than £20,000

If your property in England has a rateable value below £51,000 your bill will be calculated using the small business multiplier, which is lower than the standard one. This is the case even if you do not get small business rate relief. - Related Link

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Question: How do I find and check your business rate valuation and appeal against my rateable value?

Answer: You can check the rateable value of your property - this is set by the Valuation Office Agency (VOA) and used by your local council to calculate your business rates bill. You can also request changes to property or valuation details if you think they're wrong, view the valuation details of other properties and challenge the rateable value if eligible, see link below, or they can be contacted on telephone number 03000 501501 or by fax 03000 504370. - Related Link

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Question: I will be renting out a property as a holiday home; do I need to pay Non Domestic Rates?

Answer: If the property is available to be let 140 days or more we will ask the Valuation Office to remove it from the Council Tax register and assess it for Non-Domestic Rates.


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Question: My business is a charity, can I get a discount?

Answer: If you are a registered charity and the property is wholly or mainly used for charitable purposes you may be entitled 80% charity relief. You will need to complete an application form which can be obtained online at https://www.iow.gov.uk/Business/Business-Rates/Business-Rates-Reductions/Reliefs, or you can contact them by telephone on (01983) 823920 or by email at business.rates@iow.gov.uk - Related Link

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Question: My business premises is empty, can I get a discount?

Answer: You will need to contact the Business rates department to discuss this. You can contact them by telephone on (01983) 823920 or by email at business.rates@iow.gov.uk


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