ScotGov Rates Relief (examples): Transitional Reliefs and Small Business Bonus Scheme from 1 April 2023

The Scottish Budget 2023-24, delivered by the Deputy First Minister on 15th Dec 2022, sets out plans to reduce the amount of Business Rates relief some small business will receive through the Small Business Bonus Scheme.

A Revaluation Transitional Relief will be introduced to cap increases in rates liabilities due to revaluation. The caps (in cash terms) in 2023-24 will be 12.5% for small properties, 25% for medium-sized properties and 37.5% for large properties, rising in subsequent years.

The downloadable examples have been provided by the Scottish Government following a number of Scottish Statutory Instruments that were laid in Parliament. Examples: ‘New SBBS’ and ‘Transitional Relief’.

Businesses should contact their Local Authority business team for support. Go to SBBS ScotGov and select your council area for local details.

As set out in the chart below, 100% SBBS relief will continue to be available for properties with a rateable value up to £12,000. However, relief will taper from 100% to 0% for properties with RVs between £12,001 and £20,000. Previously the threshold for 100% relief was set at £15,000 RV.

Small Business Bonus Scheme Relief in 2023/24: