Business
Rates
The Non-Domestic Rate
National Non-Domestic Rates (NNDR),
or Business rates as they are sometimes known, are the way local
businesses contribute to the cost of services which Richmondshire
District Council provide.
There are 2,300 Non Domestic
Ratepayers in the District and the Council bills and collects some
£10.8 million in Non Domestic Rates.
The Rates are set by the government
and collected by the council on their behalf. This income is then
paid into a central pool administered by the government and
redistributed between all authorities in the form of a grant. How
much the Council receives depends upon how many people live in the
District.
The Non-Domestic or Business Rates
are calculated by multiplying a property's rateable value by the
non-domestic multiplier.
The "multiplier" is the rate in the
pound that is set annually by the Government. Other than in a
revaluation year, the multiplier may not increase by more than the
rate of increase in the Retail Price Index. The multiplier for
2007/2008 is £.444p.
Who pays Business
Rates?
In general, Business Rates are
payable on most commercial property, such as shops, offices,
restaurants, public houses, warehouses and factories.
Self-catering accommodation, such as
a holiday home, is also liable to pay Business Rates, if you intend
to make it available for commercial letting to short stay guests
for 140 days or more in a year. Businesses run from domestic
dwellings may also be liable to pay Business Rates (in addition to
Council Tax).
There are certain types of
businesses that are not rateable, for instance sewers, farmland and
buildings, churches, public parks, and moveable moorings.
For further infomation regarding
business rates please contact a member of the Local Taxation
Team on 01748-829100 ext. 231 or
Pages in this section
- Valuation Business Rates (NNDR)
- The Valuation Officer of the Valuation Office Agency is responsible for assessing the rateable value of non-domestic property.
- Business Rate Relief
- This section provides information on how you may reduce the amount payable on your account.
- Individual account enquiries - Business Rates
- Apply to the council for information about their own business rates
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Last updated:
13 August 2007
