Charges and how to pay
The easiest, quickest and safest way to make payment on a regular basis is by Direct Debit. A variety of payment dates and payment periods are available to anyone choosing to pay business rates by direct debit.
You can call us on 01325 405666 to set up a Direct Debit over the phone or alternatively, download the Direct debit instruction form [pdf document].
Payment may also be made online or by phone on 0300 456 2671 using most debit and credit cards. Both these facilities are available 24 hours a day, seven days a week.
Other methods of payment are also available – full details are given on the back of your bill.
You can pay your bills in 12 monthly instalments or 10 - if you wish to change the number of instalments you pay over please contact 01325 388379 or email@example.com
We work out a rates bill by multiplying the rateable value of the property by the multiplier or 'poundage' which the Government sets from 1 April each year for the whole of England.
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 after the revaluation the same as before, plus inflation for that year.
Multipliers for 2016/2017
- The standard multiplier is 49.7p
- The lower multiplier is 48.4p for businesses that qualify for Small Business Rate Relief
Multipliers for 2015/2016
- The standard multiplier is 49.3p
- The lower multiplier is 48.0p for businesses that qualify for Small Business Rate Relief
Multipliers for 2014/2015
- The standard multiplier is 48.2p
- The lower multiplier is 47.1p for businesses that qualify for Small Business Rate Relief.
Apart from properties that are exempt from business rates, each non-domestic property has a rateable value which is normally set by the valuation officers of the Valuation Office Agency (VOA), an agency of Her Majesty's Revenues & Customs.
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 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.
The effect of successful appeals against values shown in the rating list that came into force on 1 April 2010 will normally be backdated to that date, although there are exceptions to this.
Check the rateable value of your property [external link]
Property values normally change between each revaluation. Transitional arrangements help to phase in the effects of these changes by limiting the amount by which a bill may rise following a revaluation. To help pay for the limits on increases in bills after a revaluation, there also have to be limits on reductions in bills. Under the transitional scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the multiplier).
Over the period of the 2005 valuation list, the maximum increases and decreases that can apply are as follows:
|Year||Large Property (RV £15,000 or over) - Increase||Large Property - Decrease||Small Property (RV under £15,000) - Increase||Small property - Decrease|
In addition to these percentages, a provision for inflation will be added to the bill. In 2008/09 this is calculated at 1.038%.
Over the period of the 2010 Valuation List, the maximum increases and decreases that can apply are as follows:
|Year||Large Property (RV £18,000 or over) - Increase||Large Property - Decrease||Small Property (RV under £18,000) - Increase||Small property - Decrease|
If a property is subject to transition it means the rate bill is calculated by applying the appropriate percentage (increase or decrease) to the rates due the previous year, rather than by multiplying the rateable value by the current multiplier. However the supplement to pay for small business rate relief will also be payable unless, of course, the ratepayer is entitled to small business rate relief.
The transition scheme applies only to a bill based on a property at the time of the revaluation. If there are any changes to the property after the revaluation date, transitional arrangements will not normally apply to the part of a bill that applies to any increase in rateable value due to those changes.