Small Business Bonus Relief from 1st April 2023
Changes have been made to the Small Business Bonus Scheme under the terms of The Non-Domestic Rates (Levying and Miscellaneous Amendment) (Scotland) Regulations 2023.
This will see the introduction of new tapered thresholds and a change in the award entitlement whether you are the ratepayer of one or more than one subject.
Subjects that are unoccupied or used for payday lending will remain ineligible to receive this relief.
The following types of properties will no longer be eligible for Small Business Bonus from 1st April 2023
- advertising stations or boards
- the provision of facilities for betting
- the provision of one or more parking spaces
For ratepayers of a single subject the following will apply for financial year 2023/24:
|
Rateable value range |
Percentage of relief |
|
Up to £12,000 |
100% |
|
£12,001 to £15,000 |
award will decrease from a maximum of 100% to a minimum of 25% |
|
£15,000 up to £20,000 |
award will decrease from a maximum of 25% to zero |
For ratepayers of more than one subject the following will apply for financial year 2023/24:
|
Combined rateable value of all businesses' properties in Scotland |
Percentage of relief |
|
Up to £12,000 |
100% |
|
£12,001 to £35,000 |
25% for each individual subject with a rateable value of £15,000 or less |
You may qualify for small business bonus relief on your occupied properties if the combined rateable value of all properties is £35,000 or less and where it has a rateable value of 20,000 or less.