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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
Small Business Rate
An exact valuation for any property can be found by visiting the Valuation Agency website.
Revenues Office
E-mail:
business.rates@thanet.gov.uk
Tel: 01843 577557 from 9am to 5.30pm
Fax: 01843 577532
or Visit our offices