[Skip to content]

.

What Is Business Rates

VOA Logo
New VOA logo

What Is Business Rates?

Business Rates (also known as National Non-Domestic Rates) are a tax on business properties.  The tax is set by the government and business rates collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services.  Under the business rates retention arrangements introduced from 1st April 2013, authorities keep a proportion of the business rates paid locally.  The money is used to help pay for the services Dudley Council provides.

 

Rateable Value

All businesses have a rateable value which broadly represents the annual rent that the property could have been let for on the open market in 2015.  The rateable value of non-domestic property is fixed in most cases by an independent Valuation Officer of the Valuation Office Agency.

You can search the list for your rateable value on the Valuation Office Agency's website.

The values of all properties in respect of which rates are payable to Dudley are shown in the local rating list. 
Copies of the list are kept at Dudley Council Plus, Castle Street, Dudley and at the Valuation Office Agency, Regent Court, 14-17 George Road, Edgbaston, Birmingham, B15 1NU.  Telephone 0300 050 1501.

If you think your rateable value may be wrong, you can apply to the Valuation Officer to change it.  >> more information about Appeals.

 

Rating Multiplier

The national non-domestic rating multiplier is the rate in the pound by which the rateable value is multiplied to produce the annual rate bill for a property.  It is set annually by the government and except in a revaluation year cannot by law rise by more than the amount of the increase in the retail price index.

 

Transitional Arrangements

The Valuation Office Agency allocates all non-domestic (business) properties with rateable values so authorities can calculate the Business rate charges. The 2017 revaluation takes effect from 1st April 2017 and all properties will have their rateable value assessed on the valuation date of 1st April 2015. The purpose of revaluation is not to change the amount of money collected in rates nationally, but to make sure that individual rateable values reflect the changes that have taken place in the property market since the last revaluation. To phase-in the effects of such changes, under Government legislation, transitional arrangements limit the amount by which business rates can increase or decrease from one financial year to the next.

 

Rating Advice

If you require advice about whether to appeal against rateable values you are advised to consult a reputable independent rating advisor.  Please take care - there may be fraudsters operating in the area.

Members of the Royal Institute of Chartered Surveyors (RICS), the Incorporated Society of Valuers and Auctioneers (ISVA) and the Institute of Revenues Rating and Valuation (IRRV) are regulated by rules of professional conduct designed to protect the public from malpractice and are required to hold adequate professional indemnity insurance. They have produced a leaflet Business Rates Advice containing advice on combating 'cowboy' rating advisers.

If you do not already have this on your PC (try clicking on the link first and see if the Acrobat Reader software loads automatically), then click on the yellow graphic and follow the instructions for downloading.