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Business Rates (or Non-Domestic Rates) are the way businesses and other occupiers of non-domestic properties contribute toward the cost of local authority services.
These rates are based on the market rent each non-domestic property would be expected to command, with the Valuation Office Agency providing separate valuations for most properties in England and Wales. Please browse the links below for more information:
More details about how rates are calculated, business rate revaluations, how to appeal to alter your Valuations Limit and rates relief for small businesses can also be found below
For all other enquiries, please contact our Local Taxation Section at the Civic Centre on (0115) 901 3946 or email businessrates@gedling.gov.uk
Despite your rateable value being a key to determining how much Business Rate you must pay, this figure does not necessarily represent the actual amount due.
We calculate the amount payable by multiplying the rateable value by the annual Non Domestic Rating Multiplier, a figure determined by Central Government. All surcharges and reliefs are then applied leaving the balance due by monthly instalments, as specified on your bill.
Please see below for an example of how Business Rates are calculated:
For more information and a full list of Rateable Values for non-domestic properties, please visit the Valuation Office Agency (VOA) website. (External site)
Over the last two years, the Valuation Office Agency has been preparing for the next revaluation of National Non-Domestic Rates properties. A draft rating list will be issued to our Local Taxation Office on 30 September 2009, with the new valuation rates taking effect from 1 April 2010.
The Valuation Office Agency will also write to the majority of ratepayers at this time to inform them of their new rateable value, as well as publishing the draft list on its website.
The publication of the draft list will allow ratepayers six months to check that the valuation of their property is correct. To find out more about the revaluation, please visit the Valuation Office Agency website. (External site)
If you feel your rateable value is wrong, you may appeal to alter your Valuations Limit using the information and advice available on our Appeals page.
In April 2005 the Government introduced its new scheme offering small businesses a percentage relief from their Business Rates.
The scheme gives properties with a rateable value of less than £10,000 a percentage of relief from their business rates on a sliding scale. The relief will usually apply to businesses occupying one property in England.
If you believe you may be eligible for the relief scheme, please contact our Taxation section using the contact details provided at the top of this page or visit our Reliefs page.
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