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Business Rates Information

Business Rates are payable on most non-domestic properties such as shops, offices, factories, warehouses, public houses, restaurants, and stables. The person or company benefiting from a property normally pays the Business Rates. This is usually the owner-occupier or leaseholder.

Business Rates Icon

Important: The 2017/18 Business Rates bills were issued prior to the Budget announcement on Wednesday 8 March 2017.  The Government have announced additional support for businesses facing large increases following the 2017 Revaluation.

Every pub with a rateable value of less than £100,000 will receive a discount of £1000 in 2017.
Small businesses set to lose rate relief following the 2017 revaluation will see increases capped at £50 per month.
Additional funding to be made available to local authorities to assist those businesses worst affected by the revaluation.

We are awaiting further clarification of these schemes and are currently working hard to identify those concerned.  We will be writing to those who could be affected by these changes in due course.

Explanatory Notes
From 2017/18 it is no longer a legal requirement for Local Authorities to issue Explanatory Notes with Business Rates bills.  The pdf icon 2017/18 Explanatory Notes can be viewed online [115kb], alternatively hard copies can be made available by contacting us on 01775 761161, selecting Business Rates.

Calculating Business Rates (Non-Domestic Rates)
Every rated property has a Rateable Value (RV). Each year the Government sets a fixed amount to be used in calculating Business Rates. This is known as the multiplier. Your bill is calculated by multiplying the RV of a property by the multiplier.

Rateable Value (RV)
The rateable value is assessed by the Valuation Office Agency (VOA), which is an agency of HM Revenues and Customs. 

The rateable value broadly represents the yearly rent the property could be let for on the open market on a particular date. The rateable value may also alter if the circumstances of the property have changed.

The Government sets two multipliers every year - the standard multiplier and one for small businesses.

Business Rates Assurance
We administer and collect Business Rates and are engaged in assurance activities to promote fairness and equity in the Business Rates system. In recognition of this, the Government has awarded additional funding to support us with this work. We are keen to ensure that all business premises are captured in the Local Rating List and that the rateable values are correct and reflect any changes made since the last assessment. You can check if premises are rated. If you run, or are aware of, a business that may not be rated (or if you think that the assessment is out of date), please inform us on 01775 761161, selecting Business Rates without delay.   All information supplied will be treated in confidence.

It is important that owners, tenants and occupiers of premises keep us informed of any changes that could affect the rates bill (for example, changes in occupation status, liable party, exemptions and rate relief entitlements). Please help us to keep our records up to date by contacting us straight away.

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