Supporting Small Business Relief (2023 SSBR)
At the 2022 Autumn Statement the Chancellor announced that the 2023 Supporting Small Business scheme will cap bill increases at £600 per year for any business losing eligibility for some or all Small Business Rate Relief or Rural Rate Relief at the 2023 revaluation.
This will be applied to qualifying business premises from 1 April 2023, and full guidance can be found at https://www.gov.uk/government/publications/business-rates-relief-2023-supporting-small-business-relief-local-authority-guidance/business-rates-relief-2023-supporting-small-business-relief-local-authority-guidance
Transitional relief limits how much your bill can change each year as a result of business rates revaluation. The next revaluation will come into effect on 1 April 2023. This means changes to your bill are phased in gradually, if you’re eligible.
Your 2023 demand will be adjusted automatically if you are eligible. Full information on the scope of this scheme can be found at https://www.gov.uk/apply-for-business-rate-relief/transitional-relief