How Business Rates work

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Business Rates

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

Rateable value

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 the current Revaluation came into force on 1st April 2023. You can view further details relating to your rateable value on the Valuation Office Agencies website:  Find a property - Valuation Office Agency - GOV.UK (

Further information relating to Business Rates is also available on the GOV.UK website.

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Contact Details

Business Rates,
Ipswich Borough Council,
1W Grafton House,
15-17 Russell Road,

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01473 433851