Melton Borough Council

My Account downtime - Sun 19th Nov 2017

Due to routine maintenance My Account will be unavailable on Sunday 19th November between 3.00pm to 7.00pm. We apologise for any inconvenience this may cause. Thank you for your patience.

Information about Business Rates

Business Rates are calculated using the Rateable Value x multipliers. The Rateable Value of a property is set by the Valuation Office. The multipliers are set by Central Government.

This years multipliers are :

Small Business Rates multiplier 46.6p (0.466) and Higher rate multiplier 47.9p (0.479)

Empty NNDR properties with an RV of less than £2,900 are exempt.   

Changes to Business rates


In the Autumn Statement 2016, the Chancellor announced a statement affecting Business Rates in 2017/18. The changes from 1 April 2017 are:

  • Changes to Small Business Rate Relief - From 1 April 2017 for businesses with a rateable value of £12,000 or less, 100% relief may be granted. This means that ratepayers with rateable values of £12,000 or less will pay no rates at all for the period.
  • Rate payers with rateable values between £12,000 and not more than £15,000 will receive tapered relief from 100% – 0%. Occupied properties which have an RV of less than 51,000 will be calculated using the lower multiplier. 
  • The Government has introduced relief for Local Newspapers providing a discount of up to £1500 per year for 2 years from 1 April 2017. This means local newspapers who occupy office space can be given one discount per newspaper title per property up to state aid limits. This is a discretionary discount administered by the local authority.
  • Rural rate relief will be doubled to 100% from 1 April 2017 for the following qualifying properties: only Post Office or general store in a village (providing the rateable value is no more than £8500); for the only public house and/ or petrol filling station in a village (providing the rateable value is  no more than £12,500).

Appeals

You can check or challenge the Rateable Value of your property at www.gov.uk/correct-your-business-rates. An appeal on your 2017 rateable value is not possible until after 1st April 2017 and may not be necessary until you have completed Check and Challenge