The Government is making additional funding available to allow us to further support Small Business. This money is in addition to the Small Business Grants Funds and the Retail, Hospitality and Leisure Grants Fund announced last month.
Your annual business rates are usually payable over 10 monthly instalments from 1 April to 1 January, but you can ask to pay over 12 months if you prefer. The easiest way to pay is by Direct Debit, but you can also pay online. If paying by Direct Debit you have the option to pay on either the 1st, 8th, 15th or 22nd of each month.
The Valuation Office Agency (VOA) sets the rateable value of business premises by using property details such as rental information. We use the rateable value and the business rates multiplier (set by central government) to calculate your business rates bill.
The business rates multipliers for 2020/21 have been set at 51.2p for the standard non-domestic rating multiplier and 49.9p for the small business non-domestic rating multiplier.