Business rates

Non-domestic rates are another name for business rates

Business rates are a property tax on businesses and other non-domestic properties. Their formal name is national non-domestic rates.

This is the way businesses and other non-domestic properties contribute towards the cost of local authority services.

Non-Domestic property is the term to describe all business property and other properties that are not used solely for domestic purposes, such as houses.

The national rates are set by central government. The revenue is collected by Corby Borough Council, pooled by central government, and then redistributed to local authorities.

A deferral scheme is in place from 01 April 2012. It allows customers to apply in writing for a deferral of the 2012/2013 business rates increase. This allows the customer to spread the increase over 2 years. 

Details can be found on the Communities website

For more information on business rates use this link to Business Link website Business Rates page and Further information about Business Rates

Business Rates  Revaluation

Every five years, the Valuation Office Agency has a statutory duty to carry out a revaluation of all rateable values in England and Wales, which ensures that they reflect changes in the property market. The next revaluation is due to come into effect on 1 April 2015 and all properties will have their rateable value assessed on the valuation date of 1 April 2013. 

For more information please use this link  - Business Rates