Business rates (or National Non-Domestic Rates NNDR) are charged on most non-domestic properties which attract a rateable value. Business rates are set by central government and go towards paying for services provided by the local council such as street lighting, road maintenance and planning.
Calculations and exemptions
Business rates are calculated by:
- The 'rateable value' of your property (set by the valuation office agency).
- The 'rate multiplier' (set by the government).
Some properties are exempt from business rates, for example:
- Agricultural land and buildings.
- Buildings registered for public religious worship or church halls.
Additional properties may be exempt from paying business rates for a period of time.
Business rate relief
Some properties are eligible for discounts on their business rates, schemes include:
- Mandatory Charitable Rate Relief
- Local Discretionary Rate Relief (LDRR)
- Discretionary Top Up Relief
- Rural Rate Relief
- Discretionary Rural Rate Relief
- Small Business Rate Relief
- Hardship Relief
For further information on business rates,visit the Anglia Revenue Partnership website.
Last updated: 30/09/2022 10:59:51