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Business Rates

[ˈbɪznɪs reɪts]



Business Rates are a tax on non-domestic property that businesses must pay. The tax collected is used to fund local services

More detail:

Business Rates are a form of tax charged on non-domestic properties. Businesses, charities, and other organisations that occupy non-domestic properties must pay these rates. The tax is collected by local authorities, and the revenue generated is used to fund local services.

Business rates can be a significant cost for businesses. The amount of Business Rates you need to pay is based on the rateable value of the property you occupy.

There are a range of reliefs and exemptions available that can reduce the amount of rates payable. It is also possible to claim Business Rates in your Self Assessment if you are Self-Employed.

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