National Non Domestic Rates (Business Rates)
The National Non Domestic Rates collected by billing authorities
are, subject to special arrangements for the City of London, paid
into a central pool and redistributed to billing authorities and
major precepting authorities.
Copeland Borough Council's share of the redistributed rate
income, together with income from its council taxpayers, revenue
support grant provided by the Government and certain other sums, is
used to pay for the services provided by Copeland Borough Council
in the area.
Rateable Value
What is a Rateable Value?
The rateable value of non-domestic property is fixed in most
cases by an independent valuation officer of the Valuation Office
Agency. All non-domestic property is re-valued every five years.
From 1st April 2005, the rateable value of a property represents
its annual open market rental value as at 1st April 2003. The
values of all property in respect of which rates are payable to
your authority are shown in the local rating list.
View the local rating list:
- Valuation Office
Agency, Valuation Office, Glynis House, Brogden
Street, Ulverston, Cumbria LA12 7AT
- Copeland Borough Council, The Copeland Centre, Catherine
Street, Whitehaven CA28 7SJ
The 2010 Revaluation will introduce a new Rating
List on 1 April 2010, representing open market rental values
as at 1 April 2008. Copies of the draft list will be
available in October 2009. All ratepayers will be advised at
this time of any changes to their Rateable Value.
Can I appeal against the Rateable Value?
The Valuation Officer may alter the value if he believes that
the circumstances of the property have changed. The ratepayer (and
certain others who have an interest in the property) can also
appeal against the value shown in the list if they believe it is
wrong. If in any case the ratepayer and the valuation officer
do not agree, the matter will be referred as an appeal to an
independent valuation tribunal.
The effect of successful proposals or appeals against new
rateable values for 1st April 2005 can be backdated to 1st April
2005 if they are made by 31st March 2010.
Information about the circumstances in which a change in
rateable value may be proposed and how such a proposal may be made
is available from the valuation office shown above. Further
information about the new appeals arrangements may be obtained from
Copeland Borough Council or the the DCLG
website.
National Non-Domestic Rating Multiplier
The local authority works out the Business Rates bill by
multiplying the rateable value of the property by the appropriate
multiplier. There are two multipliers; the standard non-domestic
rating multiplier and the small business non-domestic rating
multiplier. The former is higher to pay for the small
business relief.
The Government sets the multipliers for each financial year for
the whole of England, except in the City of London where special
arrangements apply, according to a formulae set by legislation.
The multipliers change each year in line with inflation and to
take account of the cost of small business relief. In the
year of a revaluation the multipliers are set at a level which will
keep the total amount raised in rates after the revaluation the
same as before, plus inflation for that year.
Non Domestic Rating
Multipliers
|
Financial Year
|
Multiplier
|
Small Business Relief Multiplier
|
| 2010/11 |
41.7* |
41.3* |
|
2009/10 |
48.5 |
48.1 |
|
2008/09 |
46.2 |
45.8 |
|
2007/08 |
44.4 |
44.1 |
|
2006/07 |
43.3 |
42.6 |
|
2005/06 |
42.2 |
41.5 |
* provisional
Transitional Phasing Arrangements
Property values normally change a good deal between each
revaluation. Transitional arrangements help to phase in the effects
of these changes by limiting increases in bills. To help pay for
the limits on increases in bills, there also have to be limits on
reductions in bills. Under the transition scheme, limits continue
to apply to yearly increases and decreases until the full amount is
due (rateable value times the appropriate multiplier).
The scheme applies only to the bill based on a property at the
time of the revaluation. If there are any changes to the property
after 1 st April 2005, transitional arrangements will not normally
apply to the part of the bill that applies to any increase in
rateable value due to those changes. There is to be no
transitional phasing in the year 2009/2010.
Find out more about the limits on increases and reductions in
bills by viewing the tables below or visit the Business Link
website. http://www.businesslink.gov.uk/