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Business rates

What are Business Rates

Who pays Business Rates

Request a Business Rates refund

Calculation of the rates bill

What is rateable value

Transitional arrangements

Further information

What are Business Rates

Business rates is a local tax that is paid by the occupiers of all non-domestic /business property, in the same way that council tax is a tax on domestic property. Business rates are charged on most business properties such as shops, offices, pubs, warehouses and factories. However, the property doesn't have to be used for a business - if it is used for purposes which are not domestic it is likely to be rateable.

We will send you a business rates bill each year.

Who pays Business Rates

Rates are usually paid by the occupier of the property. If the property is unoccupied then the owner or leaseholder will usually have to pay empty rates. Empty rates may be charged at a reduced rate.See reductions and exemptions.

Request a Business Rates refund

You may be able to claim a refund if you have overpaid your Business rates if:

  • You have moved out of the property
  • Been awarded an exemption or relief
  • The Valuation Office have removed or reduced your rateable value of your property

Use the form pdf icon Business Rates refund [83kb] to request a refund. In order to complete this form you will need your Business Rates account reference which can be found on the front of your bill. All sections must be completed.

Calculation of the rates bill

The VOA sets the rateable value of business premises by using property details such as rental information.

We use the rateable value and the business rates multiplier (set by central government) to calculate your business rates bill. We multiply the rateable value of an individual property, which is set by the Valuation Office Agency by a multiplier (the national non-domestic multiplier) set by central government. It is set for the whole of England and is effective from 1 April each year. The multiplier represents the number of pence in each pound of the rateable value that will be payable in business rates before any relief or discounts are applied. The calculation gives the amount of rates payable for the year.

The government reviews the multiplier each year to reflect changes in inflation. By law, the multiplier cannot increase or decrease by more than the rate of inflation, except in the year of a revaluation. In that year it is set at a level which will keep the total amount raised in rates after the revaluation the same as before, plus inflation for that year. The last revaluation was April 2017. 

What is rateable value

The rateable value is assessed by the Valuation Office Agency, which is an agency of HM Revenue and Customs. A property's rateable value is an assessment of the annual rent the property would rent for if it were available to let on the open market at a fixed valuation date.

  • From 1 April 2017, the rateable values are based on the valuation date of 1 April 2015.

The rateable value may change if any physical changes are made to your property, for example, building or demolishing an extension. Therefore such changes must be reported to us immediately. As owner, or ratepayer, you also have the right to appeal to the Valuation Office Agency against the rateable value of your property. If you think your rateable value is incorrect, you can find and view your property details here: www.gov.uk/voa/valuation

Transitional arrangements

Property values normally change a good deal between each revaluation. Transitional arrangements help to phase in the effect of these changes by limiting increases in bills.

To help pay for the limits on increases in bills, there also have to be limits on reductions in bills.

Under the transition scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the appropriate multiplier). The scheme applies only to the bill based on a property at the time of the revaluation.

Further information

For more information on the 2017 revaluation, rateable values, and business rates go to www.gov.uk/introduction-to-business-rates.

General Data Protection Regulation 2016 (GDPR) / Data Protection Act 2018 (DPA) - Privacy Notice:

Under the GDPR and DPA, Mansfield District Council, Chesterfield Road South, Mansfield, Notts. NG19 7BH is a Data Controller for the information it holds about you. The Council will hold information provided by you in relation to your Business Rates account. The lawful basis under which the Council uses personal data for this purpose is Public Task.

Valuation and property details are held permanently by the Council, however correspondence held in relation to Business Rates and Business Improvement District will be held for seven years after the last action. Subject to some legal exceptions, you have the right to request a copy of the personal information the Council holds about you; to have any inaccuracies corrected; to have your personal data erased; to place a restriction on our processing of your data; to object to processing; and to request your data to be ported (data portability). The information provided by you may also be used for other functions carried out by the Council in accordance with GDPR and DPA. For more information about how the Council may use your data and to learn more about your rights please see the Council's Privacy Statement www.mansfield.gov.uk/privacy

If you have any concerns or questions about how your personal data is processed, please contact the Council's Data Protection Officer at the above address or by email to dpo@mansfield.gov.uk. If you are dissatisfied with the Council's response you can complain to the Information Commissioner's Office in writing to: Information Commissioner's Office, Wycliffe House, Water Lane, Wilmslow, Cheshire SK9 5AF or by telephone 0303 123 1113 (local rate) or 01625 545 745.

 

 

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