Business Rates

A proportion of your 2009/10 Business rates can now be deferred under new government regulations.

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 2009/2010 these are:

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

Businesses given more time to pay business rates

The Government announced on Tuesday 31st March 2009, that businesses will be able to spread payment of the increase in their 2009/2010 business rates bills over the next three years. For information and a fact sheet about the Business Rates Deferral Scheme 2009-2010, visit

• Communities and Local Government business rates website

You can also get further information by visiting Business Link and the Communities and Local Government 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