Business Rates

Business rates are set by the UK Government and are based on the rateable value of the premises. Rateable values of commercial premises are independently assessed by the District Valuer and are reviewed every 5 years.

 

Your gross annual bill is calculated by multiplying the rateable value of the property by the rate poundage, which is set annually by the Government.

 

For the financial year 2010/2011 these are:

 

Rateable value of Property

 

 Poundage Amount

 

Standard Rate

 41.40p in the £

Small Business Rate

 40.70p in the £

 

 

 

 

 

 

 

 

 

An exact valuation for any property can be found by visiting the Valuation Agency website.

 

Further business rates information is available:

Revenues Office

 

E-mail:

business.rates@thanet.gov.uk

 

Tel: 01843 577557
from 9am to 5.30pm

 

Fax: 01843 577532

 

or Visit our offices