Business Rates in Malvern Hills

 See our Business Rates Reductions page for support available to businesses affected by coronavirus

 

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

General information about Business Rates can also be found by visiting GOV.UK.

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 2017. For more details visit www.gov.uk/voa/revaluation. You can also find information for businesses at the following places:

Local Rating List - A new list came into force on 01 April 2017. The list can be viewed at the:

  • Malvern Customer Service Centre, The Library, Graham Road, Malvern
  • Tenbury Wells Customer Service Centre, The Library, 24 Teme Street, Tenbury Wells 

You can also see the valuation list with a copy of your entry by visiting the Valuation Office website. The Valuation Office, who are part of the Inland Revenue, are responsible for setting the rateable values.

If you have any queries regarding your rateable value you should contact them. Further information on business rates can be found at the Businesslink website.

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: 

Useful information

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