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 1st 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.
- Email us at firstname.lastname@example.org
- Telephone our advice line on 01452 396478
- Write to us at Gloucester City Revenues & Benefits, PO Box 2017, PERSHORE, WR10 9BJ