What are business rates?
Non-domestic rates are commonly known as business rates, and are a national tax on buildings or structures known as hereditaments which are not used for domestic accommodation.
Hereditaments are assessed by a district valuer who compiles a 'list' every five years which shows the address, description and rateable value of every assessment within the Borough of Broxbourne.
Broxbourne Borough Council is responsible for billing and collecting the rates within its boundaries. Non-Domestic rates, or business rates, collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services. Under the business rates retention arrangements introduced from 1 April 2013, authorities keep a proportion of the business rates paid locally. This provides a direct financial incentive for authorities to work with local businesses to create a favourable local environment for growth since authorities will benefit from growth in business rate revenues. The money, together with revenue from council tax payers, the revenue support grant provided by the Government and certain other sums, is used to pay for the services provided by your local authority and other local authorities in your area. Further information about the business rates system, including transitional and other reliefs, may be obtained from www.gov.uk.
For further information, the business rates information leaflet 2019-20 can be found under 'Documents' to the right of this page.
Who pays business rates?
The occupier of a non-domestic assessment is responsible for paying the business rates. If a property is empty, it could still be liable for 'unoccupied property rates'. If this is the case, the person who holds the legal title (lease or licence) for the property is liable.
If you are responsible for a property or vacated a property within the Borough and have not yet informed us, please complete the online form below.
What is a non-domestic assessment or hereditament?
This simply means something on which rates can be charged. For example, an advertising hoarding on the side of a building is not a property but it still attracts a valuation for non-domestic rates.
Property values can change between each revaluation, which normally takes place every five years. The most recent revaluation took effect on 1 April 2017. At revaluation, the Government adjusts the value of business rates to reflect changes to the property market. Revaluations make sure each ratepayer pays their fair contribution and no more. Revaluation does not raise extra money for government because the Government have reduced the multiplier to offset the overall change in rateable value.
Businesses within the Borough
Lord Heseltine presented a report titled 'No Stone Unturned' to the Chancellor and Secretary of State for Business, Innovation and Skills on 31 October 2012. The full report is available to view on www.gov.uk.
In this report he made a series of recommendations regarding economic growth. Recommendation 65 stated that local authorities should publish the list of all businesses liable for non-domestic rates so that chambers and other business representative bodies can identify businesses in their area more reliably, and seek to draw them into local business support infrastructure. There should be exceptions for businesses where the identification of business premises could give rise to security concerns.
The list of companies and public bodies within the Borough of Broxbourne is available to view under 'Documents' to the right of this page. The list does not include sole traders or partnerships.
Important Information on the publishing of Business Rate accounts
The Council no longer publishes information about Business Rates accounts that currently have credit balances in on the website, nor does it disclose this information in responses to Freedom of Information requests. Information in respect of credit balances is exempt under section 31(1)(a) of the Freedom of Information Act 2000 - Prevention or detection of crime.
The Council holds this information, however believes that its disclosure could result in fraudulent refund claims being made to the Council for these credit balances. This follows from a decision of the Information Commissioner’s Office (ICO) dated 6 February 2017 of a request under the FOIA made to Wandsworth Council for NNDR credit balances. The decision made by the ICO can be read here: https://ico.org.uk/media/action-weve-taken/decision-notices/2017/2013485/fs50619844.pdf