- How Rates are calculated section outlines how business rates are calculated and the local resources they help to finance. The basic manner in which a bill is levied on a business is described as the rateable value multiplied by a uniform rates factor which is determined by central government. The site provide advice on how to determine the likely rates bills before acquiring premises for a new business.
Running Your Business From Home
- Running Your Business From Home focuses on an increasing number of businesses which are being run from home, (some of which may make use of virtual offices). Included in this section are details of the criteria for determining whether or not business rates will have to be paid on all or part of a private residence which is used in whole or part as business premises. Specific examples are provided of ways in which business rates could be applicable to private properties.
- Small Business Relief is a section which concentrates on the entitlement and calculation of business relief which might be available. Small business relief is one of the more relevant of these and this section provides information on the positioning of the relief and in which specific circumstances it might be available. There is also information contained on other concessions including those applicable when a property remains empty for a period of time.
- Valuation Office Agency (VOA) is responsible for determining and verifying rateable values, which itself is used in the formulation of a business rates charge. The website provides extensive information on most aspects of the appeals process and supplies frequently asked questions to pre-empt the information requirements of the user. There is also a forum which business rates payers can discuss topics and provide their own opinions on any aspect of the service or processes used to calculate demands.
Suggestions for additional resources which could be included in the My Business Rates section should be submitted via the contact us form. A brief description of the website and a URL is required.
Read our disclaimer
