A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Business rates

What are business rates?

Business rates are a local tax charged on most non-domestic properties, like:

  • shops
  • offices
  • pubs
  • warehouses
  • factories
  • holiday rental homes or guest houses
  • Self Catering Holiday Lets:

There are additional criteria for self catering holiday properties that must be met before the Valuation Office Agency will consider removing a property from the council tax list and rating it for business rates.  Details of the changes, which took effect on 1st April 2023, can be found here: https://www.gov.uk/government/news/changes-to-business-rates-rules-for-self-catering-properties

You’ll probably have to pay business rates if you use a building or part of a building for any non-domestic purposes.

The rateable value is set by the Valuation Office Agency - we issue bills based on these values.

What is the rateable value?

The rateable value is the amount of rent a property could have been let for on a set valuation date - for the 2023 valuation, that date was 1 April 2021.

We use these rateable values to calculate business rates bills.

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