Business Rates in Malvern Hills

The non-domestic rates, or business rates, collected by local councils are the means by which businesses and others who occupy non-domestic property make a contribution towards the cost of local services.

Except in the City of London where special arrangements apply, the rates are pooled by central government and redistributed to local councils according to the number of people living in the area.

This money, together with revenue from council taxpayers, revenue support grant provided by the Government and certain other sums, is used to pay for the services provided by your local council and other local authorities in your area. More information on Business Rates can be found in our information leaflet.

Business Rate Leaflet 2016/17. 

General information about Business Rates can also be found by visiting www.gov.uk/introduction-to-business-rates.

Business Rates Revaluation 2017

On 30 September 2016, the Valuation Office Agency will be publishing rateable values online which will apply to all business premises from 1 April 2017. For more information visit  www.gov.uk/voa/revaluation.

What are Business Rates? 

Business rates is a local tax that is paid by the occupiers of all non-domestic/business property, in the same way that council tax is a tax on domestic property.
 
Business rates are charged on most business properties such as shops, offices, pubs, warehouses and factories. However, the property doesn't have to be used for a business - if it is used for purposes which are not domestic it is likely to be rateable. We will send you a business rates bill each year.

Roles and responsibilities

The Valuation Office Agency sets the rateable value of business premises by using property details such as rental information. We use the rateable value and the business rates multiplier (set by central government) to calculate your business rates bill. 

What is the Rateable Value?

The rateable value is assessed by the Valuation Office Agency, which is an agency of HM Revenue and Customs. 
A property's rateable value is an assessment of the annual rent the property would rent for if it were available to let on the open market at a fixed valuation date.
Until 31 March 2017, the rateable values will be based on a valuation date of 1 April 2008.
From 1 April 2017, the rateable values will be based on the valuation date of 1 April 2015.
If you think your rateable value is incorrect, you can find and view your property details here: 

What is a revaluation?

The VOA regularly re-assess and update the rateable values of all business properties usually every five years. This is called a Revaluation. This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall. 

How can I find out more? 

For more information on the 2017 Revaluation, rateable values, and business rates go to www.gov.uk/voa/revaluation. You can also estimate your business rates bill, including any small business rate relief the local council may apply, www.malvernhills.gov.uk/revaluation.

Business Rates Revaluation

Business Rates were introduced on 1 April 1990 at which time all business premises were valued and their Rateable Values were entered into a local rating list. The Business Rate legislation allows for business properties to be revalued every five years. The last revaluation took effect from 1 April 2010. The next revaluation will take effect from 1 April 2017. For more details visit  www.gov.uk/voa/revaluation.

Retail discounts

Two discounts are available to businesses in 2014/15 and 2015/16

  • Up to £1,000 discount each year for retail premises such as shops, pubs, cafes and restaurants with a rateable value up to £50,000
  • 50% discount for 18 months for businesses moving into retail premises that have been empty for a year or more
  • See more details about Retail Discounts


You can also find information for businesses at the following places:

Useful information

Contact us for more information.