Business Rates

Business rates are a tax on non-domestic properties, including offices, shops, warehouses, and other commercial premises. They are collected by local authorities and contribute to funding essential public services. Understanding business rates is crucial for property owners and tenants alike, as they can significantly impact operating costs.

How Business Rates Are Calculated

Business rates are determined based on the property's rateable value, which is assessed by the Valuation Office Agency (VOA). The rateable value reflects the estimated annual rent the property could achieve on the open market. The total payable amount is calculated using a multiplier set by the government, known as the Uniform Business Rate (UBR). Different rates may apply depending on the property's size, location, and usage.

Reliefs and Exemptions 

Several reliefs and exemptions are available to help reduce the burden of business rates for eligible businesses. These include:

Small Business Rate Relief – Available to businesses with a rateable value below a certain threshold.

Charitable Rate Relief – Applies to registered charities occupying premises used for charitable purposes.

Rural Rate Relief – Supports businesses in rural areas that serve local communities.

Enterprise Zone Relief – Available for businesses located within designated enterprise zones.

Retail, Hospitality & Leisure Relief – Temporary relief for businesses in these sectors.  To be replaced in April 2026.

Appealing Your Business Rates 

If you believe your business rates are too high or incorrect, you can challenge the valuation. This involves contacting the VOA to check the details of your property's valuation and, if necessary, submitting an appeal. It is advisable to seek professional advice before making an appeal to ensure the best possible outcome.

How We Can Help 

Navigating business rates can be complex, but our team of experts is here to assist you. We provide guidance on:

• Understanding your business rates bill
• Applying for reliefs and exemptions
• Challenging rateable values
• Budgeting for business rates effectively

For more information or tailored advice, contact us today. 

We are committed to helping businesses manage their rates efficiently, reduce unnecessary costs and easing the financial burden they can present.