Business rates calculations and charges

We will send you your business rates bill in March.  This will be for the next financial year - for example, April 2015 to March 2016.

The amount you pay depends upon:

  • The rateable value of the business property (given by the Valuation Office)
  • The  national non domestic rating  multiplier (set by central government)
  • Any eligible reliefs

Rateable Value

The rateable value is not decided by us. It is set by the Valuation Office Agency, which is part of the Inland Revenue. If you wish to find out a rateable value or dispute your rateable value you should contact their offices directly at:

Non-domestic Rates East
Valuation Office Agency
Rosebery Court
Central Avenue
St Andrews Business Park

Tel : 03000 501501

Fax : 03000 505454

Valuations Office website

Apart from properties that are exempt from business rates, each non-domestic property has a rateable value. This will be shown on the front of your bill. The rateable value broadly represents the yearly rent the property could have been let for on the open market on a particular date. For the revaluation that came into effect on 1 April 2010, this date was set as 1 April 2008.

The valuation officer has to maintain the list and may alter the value if he or she believes that the circumstances of the property have changed. The ratepayer (and certain others who have an interest in the property) can also appeal against the value shown in the list if they believe it is wrong. Further information on the grounds for making an appeal, and on how to make one, can be found on the VOA website or from your local valuation office.

Successful appeals against values shown in the rating list that came into force on 1 April 2010 will normally be backdated to the beginning of the financial year in which they are made.

National Non-Domestic Rating Multiplier

We work out a business rates bill by multiplying the rateable value of the property by the multiplier or 'poundage' which the Government sets.  There are currently two multipliers, the standard non domestic rating multiplier and the small non domestic rating multiplier

The Government normally changes the multiplier every year to move in line with inflation. By law, the multiplier cannot go up by more than the rate of inflation, except in the year of a revaluation when it is set at a level which will keep the total amount raised in rates after the revaluation the same as before, plus inflation for that year. The current multiplier will be shown on the front of your bill.

For 2015/16 the multipliers are as follows:

Small business multiplier 48.0p payable by properties eligible to receive small business rate relief.

Large business multiplier 49.3p payable by all properties, except those that qualify for small business rate relief.

Unoccupied Property Rating

There will be no business rates to pay for the first three months that a property is empty. After that, an empty property rate of 100% will be payable.  Industrial buildings can receive a six month void period and then will incur the 100% empty property charge. Please contact us for more details.

PLEASE NOTE: All properties with rateable values of less than £2,600 will not be liable for empty rates.

Rating advisers

Ratepayers do not have to be represented in discussions about their rateable value or their rates bill. Appeals against rateable values can be made free of charge. However, ratepayers who do wish to be represented should be aware that members of the Royal Institution of Chartered Surveyors (RICS) website and the Institute of Revenues Rating and Valuation (IRRV) website are qualified and are regulated by rules of professional conduct designed to protect the public from misconduct.

Before you employ a rating adviser, you should check that they have the necessary knowledge and expertise, as well as appropriate indemnity insurance. Take great care and, if necessary, seek further advice before entering into any contract.

  • 01636 650000

    Mon - Thurs 8.30am - 5.15pm
    Friday 8.30am - 4.45pm

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  • Get in touch:

    Newark and Sherwood District Council
    Kelham Hall
    NG23 5QX

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