The local authority works out the Business Rates by multiplying the rateable value of the property by the appropriate multiplier. From 1 April 2012 there are two multipliers; the standard non-domestic rating multiplier and the small business non-domestic rating multiplier. The former is higher to pay for small business rate relief.
The Government sets the multipliers for each financial year for the whole of England. They normally change both multipliers every year in line with inflation and to take account of the cost of Small Business Rate Relief.
In the year of a revaluation, the multipliers are set at a level which will keep the total amount raised in rates after the revaluation the same as before, plus inflation for the year.
The annual bill will cover the period 1 April to 31 March and is payable in 10 or 12 monthly instalments on the 3rd of each month, from April through to March; the following year, although ratepayers may make arrangements to pay at more frequent intervals if they wish. Alternatively, the bill may be paid in a lump sum (payable in April), or in two half-yearly instalments (payable in April and September).
Direct Debit payers have the option of four instalment dates, the 3rd, 10th, 17th and 24th of the month. If you wish to pay by this method please contact the Business Rates section on 01785 619282 to set up a paperless Direct Debit or to request a mandate.
If your rateable value changes during the year, or if other circumstances affecting the business change, a revised bill will be sent to you with new instalments, if appropriate.
Business Rates Fair Processing Notice
How we will use your information
The information that you provide will be processed in accordance with the provisions of the Data Protection Act 1998 and relevant legislation. The Council is under a duty to protect the public funds it administers, and may use information held about you for the prevention and detection of fraud and other lawful purposes. The Council may also use the information for the purpose of performing any of its statutory enforcement duties. It will make any disclosures required by law and may also share this information with other bodies responsible for auditing or administering public funds for these purposes.
For Further Information
Details of how to pay.