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You are here: Home / Business / Business Rates

Business Rates

Business Rates and the Coronavirus (COVID-19)

Grants

The Government has provided grant funding for businesses who have been affected by the National Lockdown - to apply or enquire about grant funding please see this webpage.

Reliefs

For Business Rate Reliefs specific to the the Coronavirus (COVID-19), please see this webpage.

Business Rates

Business Rates, which are also known as National Non-Domestic Rates, are a local tax paid by the occupiers of all non-domestic/business property, in the same way that Council Tax is a tax paid on all domestic property.

Properties such as shops, offices, pubs, warehouses and factories are subject to Business Rates, but the property doesn't have to be used for a business; if it is used for purposes which are not domestic, it is likely to be rateable.

The Valuation Office Agency (VOA), which is an agency of Her Majesty's Revenue and Customs, sets the Rateable Value of business premises by using property details such as rental information.

The property's Rateable Value is an assessment of the annual rent the property would rent for if it were available to let on the open market at a fixed valuation date.

Until 31 March 2017, the Rateable Values will be based on a valuation date of 1 April 2008.

From 1 April 2017, the Rateable Values will be based on the valuation date of 1 April 2015.

We will calculate your bill by multiplying your Rateable Value by a factor set by central Government each year; this is known as the 'multiplier'. 

The two multipliers for 2021/2022 are 51.2p (also 50.4p in 20/21) for the standard multiplier and 49.9p (also 49.1p in 20/21) for the small business multiplier. We then apply any rate relief or adjustments that are due and send you a Business Rates bill annually and also whenever there is a change in liability or your payments.

Your Bill

Your bill details your Business Rate liability less any entitlement to reliefs or exemptions; it also explains when payment is due and how payments should be made.

The Explanatory Notes which normally accompany your bill are now available online, although we are happy to provide a printed copy should you need one. The Explanatory Notes are worded by Central Government: Explanatory Notes

View your Business Rate Bill online

If you would like to see your Business Rates online and sign up for e-billing, you can register for this service through the page below:

Register for e-billing and online Business Rates

Revaluation 2017

There has been a revaluation of all Non-Domestic property effective from 1 April 2017, your Rateable Value is shown on your bill or alternatively you can locate it on the VOA website External Hyperlink.

The VOA regularly reassesses and updates the Rateable Values of all business properties; this is called a Revaluation and usually occurs every five years, although the last revaluation took place in 2010. Revaluations are done to maintain fairness in the system by redistributing the total amount payable in Business Rates, reflecting changes in the property market. A revaluation does not raise extra revenue overall.

Paying your business rates

You can pay your business rates in several ways; in the paying your business rates section you can see the options available and what you should do if you are having problems making payment.

Reliefs and exemptions

In some circumstances, you may not need to pay the full amount of business rates and some properties may be exempt. You can find out about these different discounts and exemptions on the reliefs and exemptions webpage.

How are your business rates calculated?

Find out how your business rates are calculated and how you may be affected by the transition scheme on the business rates calculation section.

Have your circumstances changed?

If you move into or out of business premises, you must provide us with specific information. In the change of circumstances section, you can see what information we need from you and when.

For more information, contact our business rates team on 01329 824651 or e-mail us at businessrates@fareham.gov.uk.

Business Rate Privacy Notice

Your information will be used by Fareham Borough Council to administer and calculate your liability to taxes or entitlement to benefits. We have a duty to protect public funds and will use this information for the prevention and detection of fraud, auditing, monitoring, statistical and other research.  The information may be shared with third parties (council departments, other councils, government agencies or external agencies). Further information is available in the Council Tax and Business Rate Privacy Notice PDF (602 KB).

Business Rate Freedom of Information Requests

The Council receives a high number of Freedom of Information requests for business rates, which are often similar or identical in nature.  To assist businesses and individuals who may request this information and to avoid the need to make a request, the Council publishes the following information:

Business Rates made under Freedom of Information




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Tel: +44 (0) 1329 236100 | Mobile Text/Photo: 07876 131415
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