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Non-Domestic (business) Rates

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The Welsh Government is making funding available to local authorities to deliver the 'New Developments' business rates relief scheme.
The Welsh Government is making funding available to local authorities to deliver the 'Open for Business' business rates relief scheme.
This outlines the Interest Rates on Overpayments since 2005.
We are supporting businesses in Wales
Strong, innovative and competitive businesses are essential for the economy of Wales.

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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