Help to Buy – Wales Shared Equity Scheme »This shared equity loan will make up the shortfall between the purchase price of a property and the funding available to buyers through their cash deposit and mortgage offer.Learn more »
“Autumn Statement has done little to change the challenging public finance outlook for Wales” – Jane Hutt
Wales’ Finance Minister Jane Hutt has responded to the UK Government’s Autumn Statement – saying that it has done little to change the challenging public finance outlook for Wales.
- More Working Smarter improvements rolled out
- Independent report revealed at the Event Wales International Conference 2013 outlines positive impact of games and events for Wales
- “Autumn Statement has done little to change the challenging public finance outlook for Wales” – Jane Hutt
- Consultation on Regional engagement partnership structures in the tourism sector
- Implementation of Commission Directive 2013/45/EU concerning the change to the botanical name of tomato
- School term dates regulations
- Draft Statutory Instrument - Infant formula and follow-on formula (Wales) (Amendment) Regulations 2014
- Beyond 2011: Consultation on Census and future provision of population statistics in England and Wales
- M4 Corridor around Newport Consultation
Featured consultation »New guidance for the Risk Assessment of Walked Routes to School
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In this section
Section highlightThe Housing (Wales) Bill
The Bill will introduce significant improvements across the housing sector to ensure that people have access to a decent, affordable home and better housing-related services.
Legislative programme 2013 - 2014 »
The First Minister detailed the 8 bills in the Welsh Government’s 5-year Legislative Programme that will be brought forward during the 3rd year of the Welsh Assembly.Learn more »
Section highlightProject pipeline update - December 2013
This Wales Infrastructure Investment Plan annex highlights planned investments and potential procurement opportunities.
Final Budget 2014-15 »
The amount of funding allocated to Welsh Government Departments for 2014-15 is £14.9bn.Learn more »
- Statistics & Research
Non-Domestic (business) Rates
Non-Domestic Rates (NDR) are also known as business rates. They are a property tax paid on non-domestic properties. They are the means by which businesses and other users of non-domestic property contribute towards the costs of local authority services.
Non-domestic rates are calculated by taking the Rateable Value (RV) of a property and multiplying it by the non-domestic rates 'multiplier' or 'poundage' for the year in question. The Valuation Office Agency (VOA), which is independent of the Welsh Government, values properties for the purposes of charging non-domestic rates and assigns the Rateable Values.
The Welsh Government sets the multiplier each year: it cannot be increased by more than the previous September's retail price index. The provisional multiplier for the financial year 2012-13 is 0.452. There are various reliefs available which can help to reduce the rates bill for a business or other non-domestic property. The Welsh Government pays 100 per cent of mandatory rate reliefs and a percentage, in some cases up to 90 per cent, of discretionary reliefs. A business can appeal against its Rateable Value if it thinks it is incorrect.
All non-domestic rates are collected and paid in to the Welsh Government’s Non-Domestic Rates Pool. They are then redistributed back to local authorities as part of the local government revenue settlement each year.
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