Business rates

moneyHow much are business rates?

The Government has fixed a national rate of 51.2p in the pound for 2021-2022, and 49.9p in the pound for Small Business Rate Relief.

We collect Business Rates - or Non-Domestic Rates on behalf of the government, which contribute towards the costs of local services. Under the business rates retention arrangements we keep a proportion of the local rates. The person or company who actually occupies a non-domestic property usually pays the rates. Often this will also be the owner or leaseholder of the property.

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What properties count as non-domestic?

Any property that is not solely intended for use as a residence will be liable including shops, offices, factories and warehouses. Holiday homes available for commercial letting for 140 days a year or more will be charged. If you offer bed and breakfast to six people or less within your own home, you will not pay Non-Domestic Rates.

How are Business Rates calculated?

Business Rates are calculated by multiplying the rateable value of your property by a figure that is set by the Government. This is called the national non-domestic rating multiplier.

The amount you pay may be adjusted depending on transitional arrangements or other reliefs that you may be eligible for.

What is a rateable value?

All non-domestic properties have a rateable value, which broadly represents the annual rent that the property could have been let for on the open market in 2015. The rateable value of non-domestic property is fixed in most cases by an independent Valuation Officer of the Valuation Office Agency.

All non-domestic properties have been re-valued in 2017.

Information on rateable values can also be found on the Valuation Office Agency's website at www.voa.gov.uk

The valuation officer may alter the rateable value of a property if its circumstances have changed. The ratepayer (and others who have an interest in the property) can also ask for a change in the rateable value, if they think the circumstances of the property have changed, or if you think the rateable value is wrong. If the ratepayer and the valuation officer do not agree about the rateable value, the ratepayer can appeal to a tribunal.

Information about the circumstances that may change the rateable value of your property is available from the valuation office on the VOA website at www.voa.gov.uk

Are any properties exempt from rates?

Some properties are exempt: farm land/buildings, churches, sewers and public parks. Empty properties may be exempt for three months or longer in certain circumstances. For further information please refer to exemptions, reliefs and reductions.

Do I have to pay if I have appealed against the rateable value?

Whilst an appeal is being dealt with by the valuation officer, you are legally obliged to pay Business Rates based on the current rateable value of your property.

You cannot withhold payment until the outcome of your appeal and we can take legal action to recover any unpaid rates if necessary.

Do you share my business rates records with other organisations?

The information you give us is used and held in accordance with the Local Government Finance Act 1988, and the principles of the Data Protection Act 1998. Requests made under the Freedom of Information Act 2000 may ask for general information regarding limited companies and PLCs which we will supply as they are not covered by the Data Protection Act.  

We have a duty to protect public funds and we may use business rates data in cross system and cross comparison checks to ensure our records are correct. We may also disclose relevant information to other council departments where it is necessary and lawful to do so. We may also share information with other bodies responsible for auditing or administering public funds.  

Rating Advisors

Ratepayers do not have to be represented in discussions about their rateable value or their rates bill. Appeals against rateable values can be made free of charge. However, ratepayers who do wish to be represented should be aware that members of the Royal Institution of Chartered Surveyors (RICS - website www.rics.org) and the Institute of Revenues, Rating and Valuation (IRRV - website www.irrv.org.uk) are qualified and are regulated by rules of professional conduct designed to protect the public from misconduct. Before you employ a rating adviser, you should check that they have the necessary knowledge and expertise, as well as appropriate indemnity insurance. Take great care and, if necessary, seek further advice before entering into any contract.

Contact: Tel: 01827 709530. Email: businessrates@tamworth.gov.uk

 

Expanded Retail Discount 2021-22

At the Budget on 3 March 2021, the Chancellor announced that the Government would provide additional business rates support for eligible retail, hospitality, leisure businesses in England occupying a qualifying property.

As temporary measure for 2021/22 he announced that:

  • The expanded retail discount (2020/21) will be extended for three months for eligible properties, at 100% relief, uncapped, for the period 1 April 2021 to 30 June 2021.
  • From 1 July 2021 to 31 March 2022, the expanded retail discount would apply at 66% relief for eligible properties in the scheme, with a cash cap of £2m for businesses that were required to close as at 5 January 2021, and up to £105,000 for business permitted to open at that date.
  • For the expanded retail discount 2021/22 businesses may choose to opt out of support by providing billing authorities notification of their request to refuse support, per eligible hereditament.

To be eligible for this discount, the retail premises must:

  • Be occupied
  • Be wholly or mainly used as shops, restaurants, cafes, drinking establishments, cinema, live music venues, hotels, guest and boarding premises, self-catering accommodation, sport and leisure facilities, tourist attractions, community halls and clubhouses used by for assembly and leisure by visiting members of the public.
  • Premises being used for the following will not be eligible for the discount:
  • Financial services (for example banks, building societies, cash points, bureaux de change, short-term loan providers) 
  • Medical services (for example vets, dentists, doctors, osteopaths, chiropractors) 
  • Professional services (for example solicitors, accountants, insurance agents/ financial advisers) 
  • Post office sorting offices 
  • Properties that are not reasonably accessible to visiting members of the public

The Government has provided guidance https://www.gov.uk/government/publications/business-rates-expanded-retail-discount-2021-to-2022-local-authority-guidance/business-rates-expanded-retail-discount-2021-to-2022-local-authority-guidance on the types of businesses that qualify for this discount.

How to apply for discount

We will automatically apply the discount to properties that we think will qualify. If you feel your business fits the criteria for the discount and have not received it, you can apply for retail discount by completing the application form via the link below:

 

Nursery (childcare) Discount 2021-22

At the Budget on 3 March 2021, the Chancellor announced that the Government would provide additional business rates support for eligible nursery businesses in England occupying a qualifying property.

As temporary measure for 2021/22 he announced that:

  • The Nursery discount (2020/21) will also be extended for three months, at 100%, uncapped, for the period 1 April 2021 to 30 June 2021.
  • From 1 July 2021 to 31 March 2022 the Nursery discount would apply at 66% relief for eligible properties, with a cash cap of £105,000.
  • For the Nursery discount 2021/22, businesses may choose to opt out of support by providing billing authorities notification of their request to refuse support, per eligible hereditament.
  • To be eligible for this discount, the premises must:
  • Be occupied by providers on Ofsted's Early Years Register and wholly or mainly used for the provision of the Early Years Foundation Stage.

How to apply for discount

We will automatically apply the discount to properties that we think will qualify. If you feel your business fits the criteria for the discount and have not received it please contact at Business-Rates@tamworth.gov.uk

The Government has provided https://www.gov.uk/government/publications/business-rates-nursery-childcare-discount-2021-to-2022-local-authority-guidance/business-rates-nursery-childcare-discount-2021-to-2022-local-authority-guidance