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Business Rates

Business Rates Update for 2017/18

From 1 April 2017 new rateable values come into force across England.  If you believe your rateable value is incorrect or want to discuss the valuation further please contact the Valuation Office Agency on 03000 501501 or via email on ratingeast@voa.gsi.gov.uk (website www.gov.uk/voa).

Properties who see large increases in rateable value as a result of the revaluation will benefit from the Government’s Transitional Relief Scheme to reduce the amount payable, therefore limiting the initial impact of the increase.  To fund this scheme limits are also placed on those seeing large reductions on rateable value.  Details of the 2017 Transitional Relief Scheme will be posted once the regulations are passed.  NB: you do not need to apply for Transitional Relief, if your property qualifies for Transitional Relief it will be awarded automatically.

Do you only occupy one business property?  Is your 2017 List rateable value below 15,000?  You may be entitled to Small Business Rates Relief – for more information click here

Would you prefer to receive your Business Rates bill electronically?  Register for OpenAshfield, click here

If you currently pay over 10 monthly instalments but would prefer to pay over 12 please contact the Business Rates team on 01623 457516 / 457241 now.

Business rates (also known as National non-domestic rates) are the way in which businesses and other occupiers of non-domestic property contribute towards the costs of local authority services.

There are four key organisations involved in local government finance and each has a separate responsibility, these are:

  • Office of the Deputy Prime Minister and the National Assembly for Wales - responsible for setting the overall government policy on local taxation
  • Valuation Office Agency - assesses rateable values that are the basis for working out rates bills
  • Valuation Tribunals - independent, judicial bodies that have power to deal with appeals relating to non-domestic rating (and council tax)
  • Local (billing) Authorities - responsible for working out your rates bill, giving any reliefs that may be due and collecting the money

Ashfield District Council is your local authority which is responsible for collecting your business rates should you own a business within Ashfield.

Business rates are property based and are calculated by multiplying the property's rateable value by the rating multiplier (a rate in the pound). Rateable values are determined by the Valuation Officer Agency, while the rating multiplier is set by Central Government. Ashfield District Council has no influence on these factors; we only collect the rates due.

For more information on non domestic rates within Ashfield please use the following web pages or contact the Revenues Division on 01623 457400