Business Rates

Business rates, also known as non-domestic rates, are taxes that businesses in the UK pay on properties they occupy, such as offices or shops. The rates are based on the property's estimated value, known as the rateable value, which is assessed by the Valuation Office Agency. These funds help local councils provide services like rubbish collection and road maintenance. Businesses can sometimes receive relief or discounts, especially smaller enterprises. Essentially, it's a way for businesses to contribute to their local community's infrastructure and services.