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Business rates

Overview

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

  • shops
  • offices
  • pubs
  • warehouses
  • factories
  • holiday rental homes or guest houses

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?

A property's rateable value is an assessment of the annual rent the property would cost if it was available to let on the open market on a fixed valuation date. Current rateable values are based on the valuation date of 1 April 2015.

A new rating list is due to commence on 1 April 2023, with a valuation date of 1 April 2021. The draft list will be available on the Valuation Office Agency website towards the end of 2022.

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