Business rates - general information
- The National Non-Domestic Rate (NNDR), generally known as the business rate, was introduced by the Local Government Finance Act 1988.
- It is a national tax collected from all occupiers or owners of non-domestic property.
- Individual liability is fixed by applying a 'multiplier' or rate poundage to a rating assessment.
- The 'multiplier' or rate poundage is set annually by Central Government.
- There are currently two multipliers, for 2010/11 they are 41.4 or 40.7 pence for each rateable value of £1. This is due to the introduction of the small business rate relief.
- Local Authorities do not have any influence over the valuation process.
- Rating assessements are fixed by the Valuation Office Agency, a sub-division of the Inland Revenue.
- Assessments reflect the rental value of the premises at a fixed point in time, currently this date is the 1st April 2008.
- The revaluation of non-domestic properties is undertaken every five (5) years.
- The current rating list came into effect on 1st April 2010.
- For more information about the 2010 revaluation please visit the Valuation Office website.
- Rental values will change with the passing of time in response to market forces and changes in the economic climate.
- As a result, Central Government has introduced transitional relief schemes for the last four successive national revaluations to stabilise the effect of those changes upon the business community.
- Local Authorities are responsible for billing and collecting Business Rates.
- The revenue collected is paid over to Central Government for subsequent re-distribution as grants to Local Authorities, according to their needs.
- Local Authorities also take responsibility for displaying the rating list. (The rating list is also available on-line via the Valuation Office Agency's website).
- This list contains details of all rating assessments within the county and is available for inspection during normal office hours.
- The details included are public information and can be used by ratepayers and other interested parties to formulate an opinion on the accuracy of their own, or other, assessments.
Appeals against Rateable Values - All non-domestic ratepayers have a statutory right of appeal.
- Appeals should be made to the Valuation Officer.
- They can be made free of charge.
- If you are not satisfied with the outcome you have a statutory right of appeal to an independent valuation tribunal against individual rating assessments.
Advice about appealing against rateable values - If you require advice about whether to appeal against rateable values you are advised to consult a reputable independent rating advisor. Please take care - there may be fraudsters operating in this area!
- Members of the Royal Institution of Chartered Surveyors (RICS), the Incorporated Society of Valuers and Auctioneers (ISVA), and the Institute of Revenues, Rating and Valuation (IRRV) are regulated by rules of professional conduct designed to protect the public from malpractice and are required to hold adequate professional indemnity insurance.
- You must ensure that you continue to pay your instalments as stated on your bill even if you are waiting for the outcome of an appeal. Failure to make your payments will result in recovery action being taken.
- If you decide to employ a rating advisor please let us know as we will need your written consent to discuss your details with them.
- You must still pay your instalments as shown on your bill pending the result of any appeal.
For more information on Non-Domestic Rates please visit the Business Link website Reductions Moving In or Out of Your Premises? - To ensure prompt and accurate billing please download, complete and return the Occupation or Vacation Form at the bottom of this page.
New Business Rate Property - If you are using a property as business premises, which is not already included in the rating list, please complete the New Hereditament form below.
Improvements or Alterations to Business Rate Property - If you make any improvements or alterations to your property, even if only small, you should let us know.
- The Council has a duty to report property improvements and alterations to the Valuation Officer.
- The Valuation Officer must keep his records up to date to enable accurate valuation and revaluation assessments.
- There may be no change to your Rateable Value but this is for the Valuation Officer to decide.
- The Proeprty Improvements form is available at the bottom of this page to download.
Business Rate Deferral Scheme - From the 31st July 2009 Central Government offered ratepayers the opportunity to spread the payment of increases from the 2009/10 business rate bill over three years.
- The deadline to apply for this relief has now passed, and those who did sign up to the scheme will see the deferral amounts and the instalments due to be paid on their bill.
Please visit the communities website for more information. Weblinks Use of information: Data Protection Act 1998: The personal information requested from you is requested by law for Business Rate purposes. It may also be shared, by law, with other councils and with law enforcement agencies for the prevention or detection of crime, or the apprehension or prosecution of offenders. The council may share information you supply with other departments within the Council.
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Rutland County Council, Catmose, Oakham, Rutland LE15 6HP Telephone : 01572 722577 Fax : 01572 758307 Email : enquiries@rutland.gov.uk Website: http://www.rutland.gov.uk Last updated : 30/07/2010 08:09:39
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