In the Spring Budget, released on 8 March 2017, changes were announced to further support businesses facing significant bill increases following the 2017 revaluation.
You do not have to apply for any of these reliefs. If you qualify, the relief will automatically be shown on your 2017-18 business rates bill.
National Non Domestic Rates (often called Business Rates) is a national tax collected locally by the Council which is payable by the occupier or owner of business property.
An element of what is collected locally by the Council is then paid across to Central Government as well as Suffolk County Council. From 1 April 2013, all Councils will retain some of this money and specifically a proportion of any growth in Business Rates. In Suffolk, a 'pooling' arrangement has been agreed to maximise the amount of money retained and protect against the risk of reductions in Business Rates income.
Your authority's share of Business Rate income, together with income from its Council Tax payers, money from the Government, and from fees and charges, is used to pay for the services provided by your authority and other local authorities in your area.
Business Rates, or Non Domestic Rates, are calculated by multiplying the property's rateable value by the Government multiplier.
The Government multiplier is set by Central Government and is adjusted in line with the rate of inflation. The Standard multiplier and Small Business multiplier can be found here
Each year the Government produces an information and advice leaflet, which is available to download here:
All non-domestic property has a rateable value unless it is exempt. The rateable value broadly represents the annual rent the property could have been let for on the open market 2 years prior to the current Rating List assuming that the tenant is responsible for repairs, insurance and other expenses as well as the payment of rates and has fulfilled those obligations. The Rating List is compiled by the Valuation Office Agency (part of HM Revenue and Customs), who assess the properties and ensure that the rateable values are kept up to date. All non-domestic property is revalued every five years, and a copy of the Rating List is available for inspection at the Valuation Office, the Council Offices, or at the Valuation Office Agency website.
You may contact the Valuation Office at this address:
The Valuation Office Agency
St Andrews Business Park
Norwich NR7 0HS
Telephone: 03000 501 501
Further information relating to Business Rates is also available on the GOV.UK website.
The rateable value threshold below which empty properties are exempt from business rates is £2,900.
This means if your rateable value is £2,900 or above you will be liable to pay empty property business rates at 100%. There are some premises, such as listed buildings and certain industrial properties that may qualify for an exemption.