[ˈbɪznɪs reɪts]
Business Rates are a tax on non-domestic property that businesses must pay. The tax collected is used to fund local services
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.
There are loads of different tax laws in the United Kingdom. IR35 is very important to freelancers and contractors but can be a little confusing. Here, we explain simply what IR35 is and who it can affect.
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Self-employed individuals can use two different methods to expense business vehicle costs. Here, we investigate the positive and negatives for both methods and which one might be right for you.
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