Business rates

A brief overview of business rates

Businesses and other occupiers of non-domestic properties pay non-domestic rates (often known as business rates) to directly contribute towards the costs of council services.

Under the business rates retention arrangements introduced from 1st April 2013, authorities keep a proportion of the business rates paid locally. This provides a direct financial incentive for authorities to work with local businesses to create a favourable local environment for growth since authorities will benefit from growth in business rates revenues.  This money, together with revenue from council tax collection and Government grants, is used to pay for the services provided by your council and other local authorities such as the County Council and police in your area.

2017 revaluation

Every five years the Valuation Office Agency carries out a revaluation of all the rateable values in England and Wales.  The current revaluation come into force from 1 April 2010 with the introduction of the 2010 Rating List.  The revaluation due to take place in 2015 was postponed until 2017 in accordance with the Growth and Infrastructure Act 2013.  Five-yearly revaluations will continue from 2017.

On 30 September 2016 the Valuation Office Agency published draft rateable values in preparation for the oncoming 2017 financial year. Whilst it is not possible at this stage to advise how your new Rateable Value will impact on your 2017/18 bill (until such time the Government releases the intended 2017/18 annual multiplier) if you did wish to check your 2017 Rateable Value to establish if it will be changing then you can do so by visiting the Valuation Office  GOV.UK This link will take you to an external website... .  

Our understanding is that there will be a transitional scheme in operation to help phase in any significant increases/decreases in Rateable Value under the 2017 revaluation. Consultation is still ongoing regarding this but once further details are known we will update our website accordingly.

Business rates change of circumstance forms

To notify us you have either occupied or vacated a property which would be liable for business rates please use the forms in the Downloads section of this page.

Business rates contact

Please contact us for further information (see Contact section of this page). This call will cost you 2 pence per minute plus your phone company’s access charge. The council's revenues and benefits service, which includes business rates, is provided by the council's contractors Capita Local Government Services.

Last reviewed: 04 - 10 - 2016

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