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Business Rates

Businesses and other non-domestic occupiers of property pay non-domestic rates (also known as business rates) to contribute towards the cost of local authority services.

Business Rates

Business Rates are collected by the West Berkshire Council for the Government. The Business Rates collected are paid into a central pool and redistributed to local authorities based on their adult population. West Berkshire's share of redistributed rate income is combined with income from Council Tax, Revenue Support Grant (provided by the Government) and income collected from chargeable services (such as Car Parks, Planning Applications) and is used to fund the public services provided by the Council.

Each non-domestic property has a rateable value which is normally set by the Valuation Office Agency (VOA).  The rateable value of the property 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.  All non-domestic properties were re-valued in 1990, 1995, 2000,  2005 & 2010. Visit the Valuation Office Agency - 2010 Revaluation for further information.

In order to calculate the rates payable on a property, the Government determine a multiplier which will apply from 1 April each year.  The multiplier increases each year in line with inflation.  The standard multiplier for the year 2013/14 is 0.471.   For example, a property which has a rateable value of £20,000 on the 2010 list will pay £20,000 x 0.471 = £9,420.00 in the current year. The small business rate multiplier for 2013/14 is 0.462.

The ratepayer (and certain others who have an interest in the property) can appeal against the value shown in the list if they believe it is wrong.  Please visit the Valuation Office Agency for further information.

Paying your Business Rates should form an essential part of your business plan and cash flow projections.

There are a number of reductions and reliefs available for Business Rates.

The local authority uses the new rateable values to calculate the business rates bills for the 2010/2011 financial year. To maintain fairness in the rating system, the Valuation Office Agency (VOA) carries out a revaluation of all rateable values in England and Wales every five years. The next revaluation is due to come into effect on 1 April 2010 and all properties will have their rateable value assessed on the valuation date of 1 April 2008.

Rating advisors may be cold calling in your area offering big savings in your business rate bill.

This page was created on 03/01/2006 and last updated on 17/03/2014. - Print this page.
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