National Non-Domestic Rates

National Non-Domestic Rates, often called business rates, are taxes paid by businesses and organizations that occupy commercial properties like shops, offices, factories, and warehouses. These rates are based on the property's "rateable value," which reflects its size and use. The money collected helps fund local community services like schools, roads, and emergency services. Businesses pay these rates annually, and the amount can vary depending on property value and local government regulations. Essentially, it's a way for businesses to contribute to the local infrastructure and services they benefit from through their commercial activities.