Business Rates - annual notification
Providing local business with information on who is required to
pay Business Rates, how Business Rates are calculated for a
property (valuation) and how to pay Business Rates.
New legislation has removed the need for local authorities
to post budget leaflets with the annual Business Rate Demand
Notice, you can now view these leaflets in the Downloads.
Business Rates Rateable Value
Apart from properties that are
exempt from Business Rates, each non-domestic property has a
rateable value, which is set by the valuation officers of the
Valuation Office Agency (VOA), an agency of Her Majesty’s Revenue
and Customs. They draw up and maintain a full list of all rateable
values, available on their website at
http://www.voa.gov.uk/ .
The rateable value of your
property will be shown on the front of this bill. This
broadly represents the yearly rent the property could have been let
for on the open market on a particular date. For the
revaluation that came into effect in 1 April 2010, this date was
set as 1 April 2008.
The valuation officer may alter the value if
circumstances change. The ratepayer (and certain others who have an
interest in the property) can appeal against the value shown in the
list if they believe it is wrong. Further information about
the grounds on which appeals may be made and the process for doing
so can be found on the VOA website or from your local valuation
office.
Business Rates - Non-Domestic Rates
Multiplier
The national non-domestic rating
multiplier is the rate in the pound which the rateable value is
multiplied by to produce the annual rate bill for a property.
It is set annually by the
Government and except in a revaluation year cannot, by law, rise by
more than the retail prices index.
The local authority works out the
business rates bill by multiplying the rateable value of the
property by the appropriate multiplier. There are two
multipliers; the standard non-domestic rating multiplier and the
small business non-domestic rating multiplier. The former is
higher to pay for small business rate relief. Except in the
City of London where special arrangements apply, the Government
sets the multipliers for each financial year for the whole of
England according to formulae set by legislation. Between
revaluations the multipliers change each year in line with
inflation and to take account of the cost of small business rate
relief. In the year of revaluation the multipliers are
rebased to account for overall changes to total rateable value and
to ensure that the revaluation does not raise extra money for
Government. The current multipliers are be shown on the front
of your bill.
How to pay your
Business Rates
Customers can make payment using
any of the following methods:
Online - please
use our secure
Online Payments process.
Direct Debit -
Should you wish to pay by Direct Debit you can now ring and sign
up or write to the Local Taxation Office or call at one of the
Payment Offices for a Direct Debit application form, or you can
download a copy from
Online Forms.
Standing
Order If you wish to set up payments through
your bank by Standing Order or an online banking facility please
ensure you quote your account reference and pay to the following
bank account: a/c number: 49990187 sort code: 60-13-38.
Telephone -
Using a major debit/credit card on the Council's 24 hour freephone
payment service 0800 0351566. Please ensure you have your
account reference number to hand when you call.
Cheques via post
- Cheques should be made payable to Ryedale District Council.
Please ensure you quote your Non-Domestic Rates account reference
number on the reverse of the cheque. Bounced cheques will
incur a £10.00 administration charge.
At Post Offices
- Giro Number 6019226 (this method may attract an additional charge
at the Post Office).
Collecting
Offices - Please bring your bill with you to any Ryedale
District Council cash office during working hours, details can
be found on the
Contact
Us page.