Business rates, or national non-domestic rates, are the means by which businesses and others who occupy non-domestic property make a contribution towards the cost of local services, for example, the police and fire services. Other services such as education and housing are of indirect benefit to business ratepayers.
Business rates are usually payable by the occupier of a non-domestic property. This will normally be the owner-occupier or the leaseholder. If a property is empty, the owner or leaseholder pays.
Under the business rates retention arrangements introduced from 1 April 2013, local authorities keep a proportion of the business rates paid locally. This provides a direct financial incentive for authorities to work with local business to create a favourable environment for growth.
The rest of the revenue collected from business rates is sent to central government. The Government then re-allocates the money back to each local authority on the basis of per head of population.
Important information from the Government regarding Brexit
The UK Government has launched a business readiness website, which includes a tool to enable you to understand how leaving the EU may affect your business and what you can do to get ready. This link will be updated regularly with information.
The British Chamber of Commerce has created a business brexit checklist.
See our information on preparing your business for EU exit.
- Email: email@example.com
- Phone our advice line: 01452 396 478
- Write to us: Gloucester City Revenues & Benefits, PO Box 2017, PERSHORE, WR10 9BJ