What are Business Rates (NDR)
Business rates (Non-Domestic Rates, NDR) are a tax on properties used for business purposes, such as shops, offices, pubs, and warehouses. Even unused non-domestic properties may still be liable. Local authorities collect business rates, keeping 50% to fund local services, with the rest going to the government.
How Are They Calculated
Your bill is calculated by multiplying the rateable value (set by the Valuation Office Agency) by a multiplier set by the government.
- Standard Multiplier: For properties with a rateable value of £51,000 or more.
- Small Business Multiplier: For properties below £51,000. Reliefs may reduce the final amount payable.
Types of Relief Available:
- Small Business Rate Relief (SBRR):
- 100% relief for properties with a rateable value of £12,000 or less.
- Tapered relief for values between £12,001 and £15,000.
- Empty Property Relief:
- 3 months' exemption for most properties.
- 6 months for industrial properties.
- Retail, Hospitality & Leisure Relief:
- Temporary support for qualifying businesses like shops, pubs, and hotels.
- Charitable Relief:
- 80% mandatory relief for charities and CASCs, with potential for full relief at the council's discretion.
- Rural Rate Relief:
- 100% relief for sole village shops, pubs, or petrol stations under certain value thresholds.
- Transitional Relief:
- Phases in large changes in bills following revaluation.
- Hardship Relief:
- Discretionary support for businesses in financial difficulty.
- Improvement Relief:
- 12 months' relief for qualifying property improvements.
For more information on business rates (NDR):
Please contact ndr@stratford-dc.gov.uk or call 01789 260909
