Rates
Ratepayers urged to check valuation details
Business owners across Yorkshire and the Humber are being urged by the Valuation
Office Agency (VOA) to check that their valuation details are correct before
2010 rates bill are sent out.
A
new website has been set up by VOA to enable businesses to check their details
quickly to ensure that valuations are fair and accurate.
For further information see our Valuation Office Agency web page.
Non-domestic business rates (NNDR)
Householders and businesses both contribute towards the costs of the services provided by the council.
Non-domestic business rates are collected by the council and paid into a national central pool. This money is then redistributed to billing authorities and major precepting authorities.
The council's share of redistributed rate income, together with income from council taxpayers, revenue support grant provided by the Government and certain other sums, is used to pay for the services provided.
Business rates are then calculated at a set rate in the pound (poundage) across the whole country. This is so that all councils, with the exception of the City of London, charge the same.
The rateable value is multiplied to produce the annual rate bill for a property. The multiplier is set annually by the Government and, except in a revaluation year, cannot, by law, rise by more than the amount of the increase in the retail price index.
The amount payable can vary depending on relief or exemption (rate reductions).
More information: