Your guide to Camden’s council tax and business rates 2013/14
Understanding your business rates bill
We collect business rates on behalf of the Government. The government then gives us back about 36% of the amount we actually collect, which forms part of the budget we use to pay for services. The rest is kept by central government.
Your property is given a rateable value by the Valuation Office Agency (VOA). That value is then multiplied by either the ‘small business rate multiplier’ if you receive small business rate relief, or the standard ‘rate multiplier’, to work out how much you will pay.
These ‘rate multipliers’ change each year in line with inflation, and to keep at the same level as the amount of money raised by the government nationally from business rates.
The 2010 valuation and the transitional relief scheme
Your property’s rateable value changed on 1 April 2010 as a result of the VOA’s revaluation. Although the 2010 valuation will not increase the amount of money the government collects nationally from business rates, in Camden many businesses will see their bills change.
The government has introduced a £2 billion transitional relief scheme to help businesses that have seen a significant increase in their bill as a result of a rise in the rateable value of their property. To help pay for the transitional relief scheme, (which limits how much business rates bills can increase by) there are also limits on how much other businesses’ bills can reduce by. These limits will apply every year until the point where businesses have to pay the full amount.
The transitional relief is shown on your bill. The amount you pay and the relief
you get are affected by the rate of inflation, which is 5.6% this year. This means some businesses will see a significant rise in their rates bill.
Small business rate relief
If your business has a rateable value of less than £25,500 (shown on the front of your bill) and it is not empty and you are not getting mandatory relief, we will work out your rates automatically using the lower ‘small business rate multiplier’. You no longer need to apply for this.
And, if your rateable value is less than £12,000 and you occupy either:
- one property only; or
- one main property and other properties as long as they each have a rateable value of less than £2,600;
you will get an extra reduction in your bill. This is on an increasing scale from a rateable value of £12,000 downwards, so that properties with a rateable value of £6,000 or less get 100% relief.
If your circumstances change, you need to tell us in writing within four weeks. A change in circumstances would include occupying an extra property or an increase in the rateable value of a property you own outside the London Borough of Camden.
Non-profit-making organisations, charities and registered community amateur sports clubs relief
Charities and registered community amateur sports clubs are entitled to 80% relief on the property that is occupied by the charity or club. You will need to provide evidence that the property is used only or mainly for charitable purposes, or as a registered community amateur sports club. In some circumstances we may be able to help pay for part of your bill.
Empty property relief and partly occupied relief
You do not need to pay business rates for the first three months that a property is empty. For certain industrial properties, this is extended to six months. After this time rates are charged in full. Properties with a rateable value of less than £2,600 do not pay empty rates and there are some other types of exemption.You can get details from the business rates office
You must pay your full business rates bill whether your property is fully or partly occupied. However, if your property is partly occupied for only a short time, you can contact our business rates office to discuss whether you could be awarded rate relief for the unoccupied part. This is known as Section 44A.
Local discounts and hardship relief
We can give rate relief in special circumstances:
If you disagree with the rateable value which the Valuation Office Agency (VOA) has set for your property, you can make a free appeal. You can either do this yourself or appoint a rating adviser to represent you. If you want to be represented, you should
use members of the Royal Institution of Chartered Surveyors or the Institute of Revenues Rating and Valuation
Before employing a rating adviser, check whether they have the knowledge, expertise and appropriate indemnity insurance needed. Get more advice before
entering into a contract.
Page last updated Feb 27, 2014 11:47 AM
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