Business Rates (also known as 'National Non- Domestic Rates) is the way those who occupy non-domestic properties contribute towards the cost of local services.
Business Rates are chared to owners and occupiers of non-domestic properties, such as shops, offices, factories, warehouses and pubs.
Some properties have a mixture of domestic and non-domestic use (for example, a shop with a flat above). We call these 'composite properties'. We will send these properties a Council Tax bill for the domestic part and a Business Rates bill for the non-domestic part.
Apart from properties that are exempt from Business Rates, each non-domestic property has a rateable value set by the Valuation Office Agency (VOA), an agency of HM Revenue and Customs. The VOA maintains a full list of all rateable values shown in local and national lists. Business properties are re-valued every five years and the current rating list came into effect on 1 April 2010. However, the Government has delayed the next re-valuation until 2017.
The Council works out Business Rates by multiplying the rateable value of the property by the appropriate rate in the pound (known as the 'multiplier').
The Government sets the multipliers for each financial year for the whole of England. The multipliers change each year in line with the Retail Price Index (RPI) and take account of the cost of small business rate relief.
You can find more information about Business Rates on the Gov.uk website, along with other details about starting and running a business.
Revenues and Benefits Service
West Somerset House
Telephone: 01643 703704