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How Business Rates are Calculated

IMPORTANT NOTICE PLEASE READ

Business Grants

Omicron Hospitality and Leisure Grant

On 21 December 2021, Government announced the introduction of grant support for hospitality and leisure businesses in England. See announcement here:

COVID-19 business grant funding schemes: guidance for local authorities - GOV.UK

Grants of up to £6,000 will be paid to hospitality, leisure and accommodation businesses in England occupying hereditaments appearing on the local rating list 

 

Rateable Value

Grant Amount

£0 to £15,000

£2,667

£15,001 to £50,999

£4,000

Over £51,000

£6,000

Update 13 January 2022

These grants are not yet live. We are currently reviewing the guidance and working on the application process and will update this page when the application is open

Additional Restrictions Grant (ARG5)

Update 11/01/22

The application window has now closed. Please note that the council are required to undertake more extensive and robust pre-payment checks on the grants, so processing times for these grants may be longer.

 

We aim to start processing payments within the next 5 days.

Business rates are charged on most non-domestic properties, like: shops, offices, pubs, warehouses, factories, holiday rental homes or guest houses. You’ll probably have to pay business rates if you use a building or part of a building for non-domestic purposes.

Business rates are worked out based on your property’s ‘rateable value’.

This is its open market rental value on 1st April 2015, based on an estimate by the Valuation Office Agency (VOA).

You can estimate your business rates by multiplying the rateable value by the correct ‘multiplier’ (an amount set by central government)..

Your bill will be reduced if your property’s eligible for business rates relief.

If your bill is due to increase or decrease by a large amount in comparison to the pervious year it maybe restricted by transitional relief.

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