Rates

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:

Online non-domestic business rates form