Business rates

Small Business Rates Relief

Small businesses in Islington which don't receive any other mandatory relief may be entitled to a reduction on their rates. This is known as Small Business Rates Relief.

If your business occupies only one property with a rateable value of less than £15,000 (or less than £12,000 before 1 April 2017) you can apply for an additional reduction on your business rates.

Find rateable values

If your business occupies more than one property in England - locations can be outside Islington - you can still apply for a reduction on your business rates. This reduction is available if your additional property or properties all have rateable values under £2,900 (or under £2,600 if it is before 1 April 2017) and the total rateable value of all the properties is under the London threshold of £28,000 (or under £25,500 if it is before 1 April 2017). If this is the case, relief is available on the main property.

Relief is not available on any additional properties unless the second property is or was occupied after 24 February 2014, in which case one year’s overlap is permitted.

The Chancellor's budget statement on Wednesday 8 March 2017 referred to potential limited reliefs for businesses that are no longer entitled to Small Business Rates Relief. The council is waiting for the government to provide full regulatory detail of the reliefs so cannot apply these until this is known. If you are affected by this change you will be sent a revised bill.

Apply now

If your circumstances change

You must inform us if something changes that may affect the relief you receive.

You need to let us know if:

  • you occupy other business properties in England after you have received Small Business Rates Relief
  • the rateable value of any additional properties that you occupy in England, which are outside Islington, changes.

You can tell us about any change of circumstances by downloading and completing the 'Notify us of a change in circumstances' PDF form. Please email the completed form to business.rates@islington.gov.uk or post it to: 

Business Rates Team
PO Box 34750
London N7 9WF

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