Business Rates (Non-domestic rates)
Business rates (also called National Non Domestic Rates) are collected by billing authorities from businesses in the area. In East Hampshire the billing authority is East Hampshire District Council.
The money collected by us is paid into a central pool and the Government gives each council a share of this money. The money is then used to help to pay for the services which the council provides.
How are business rates calculated?
Every non-domestic property has a Rateable Value which is fixed by the Valuation Office Agency. The rateable value represents the annual rental value of the property as at 1st April 2003.
The Valuation Office Agency's website can be visited on www.voa.gov.uk
Each year, the Government sets a national non-domestic Multiplier which is known as the rate in the pound. The rateable value is then multiplied by the rate in the pound to produce the annual amount payable for the property. The multiplier cannot rise by more than the amount of the increase in the retail prices index.
Questions?
www.mybusinessrates.gov.uk is a government-funded site, designed to provide businesses with a single source of clear and concise information on business rates.
Some other things you might want to know
Exemptions and reliefs
Court action - what happens
Performance statistics - facts and figures
Useful contacts - other agencies
Online billing - useful leaflets
Service standards - our aims
Complaints and comments - have your say
Business Rates Valuation