{"id":692,"date":"2021-11-19T06:15:14","date_gmt":"2021-11-19T06:15:14","guid":{"rendered":"https:\/\/www.experlu.co.uk\/dictionary\/?p=692"},"modified":"2025-03-25T08:31:49","modified_gmt":"2025-03-25T08:31:49","slug":"business-rates","status":"publish","type":"post","link":"https:\/\/www.experlu.co.uk\/dictionary\/business-rates\/","title":{"rendered":"Business Rates"},"content":{"rendered":"\n<p><strong>Business rates are a tax applied on the businesses for local services.<\/strong><\/p>\n\n\n\n<p>Business rates are also known as non-domestic rates. It is a tax paid for commercial properties like shops, offices, warehouses, industrial units and other commercial properties. In most cases, business rates equate to 50% of the annual&nbsp;rateable value.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Who has to pay business rates?<\/h2>\n\n\n\n<p>Any individual or business occupying a commercial property must pay the business rates.<\/p>\n\n\n\n<p>Work from home businesses usually does not pay non-domestic rates if a small part of the home is used for business purposes or you sell goods via post.<\/p>\n\n\n\n<p>\u25cf Individuals working from home must pay council <a data-wpil-monitor-id=\"3\" href=\"https:\/\/www.experlu.co.uk\/dictionary\/additional-tax-rate\/\"><strong>tax and business rates<\/strong><\/a> if:<br>\u25cf property is used for both domestic and business purposes, e.g., Flat above the shop.<br>\u25cf Individuals supply goods and services to consumers who visit the property.<br>\u25cf Anyone employed in the property.<br>\u25cf You have made a change to your property- converted the garage into a yoga studio.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How much are business rates?<\/h2>\n\n\n\n<p>Properties \u2018rateable value\u2019 is used to calculate business rates. The rateable value is an open market rental value based on an estimate by the Valuation Office Agency- VOA.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to calculate business rates?<\/h2>\n\n\n\n<p>Multiply the<span class=\"has-inline-color has-vivid-purple-color\"> <\/span><a href=\"https:\/\/www.gov.uk\/calculate-your-business-rates\"><span class=\"has-inline-color has-vivid-purple-color\">present multiplier<\/span><\/a> with the <a href=\"https:\/\/www.gov.uk\/correct-your-business-rates\"><span class=\"has-inline-color has-vivid-purple-color\">rateable value of the property<\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business rates are a tax applied on the businesses for local services. Business rates are also known as non-domestic rates. It is a tax paid for commercial properties like shops, offices, warehouses, industrial units and other commercial properties. In most cases, business rates equate to 50% of the annual&nbsp;rateable value. Who has to pay business [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[72],"class_list":["post-692","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-business-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is business rates?<\/title>\n<meta name=\"description\" content=\"Stay compliant with Business Rates. A tax on commercial properties. Understand your obligations, reduce costs, and plan smarter. 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