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 2008/2009 these are:
|
Rateable value of Property
|
Poundage Amount
|
|
Standard Rate
|
46.2p in the £ |
|
Small
Business Rate
|
45.8p in the £ |
An exact valuation for any property can be found by visiting the
Valuation Agency website.
You can also get further information by
visiting Business
Link and the Communities and Local
Government website.