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Non-Domestic (business) Rates

Related Links

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.
Service providing administrative support for the 4 regional Valuation Tribunals.

Non Domestic Rates (NDR) are also known as Business Rates and are a property tax paid on on domestic properties.

NDR are the means by which businesses and other users of non-domestic property contribute towards the costs of local authority services.

NDR are calculated by taking the Rateable Value (RV) of a property and multiplying it by the NDR '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 NDR and assigns the RV.

The Welsh Government sets the multiplier each year. Normally the multiplier is set according to the Retail Price Index (RPI) as at the September preceding the financial year to which the multiplier applies, and it cannot be increased by more than that figure. However, the Non-Domestic Rating (Multiplier) (Wales) Order 2014 has capped the increase to 2%, and the multiplier for the financial year 2014-15 is 0·473.

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% of mandatory rate reliefs and a percentage, in some cases up to 90%, of discretionary reliefs. A business can appeal against its RV if it thinks it is incorrect.

All NDRs are collected and paid into the Welsh Government's Non-Domestic Rates Pool. They are then redistributed to local authorities as part of the local government revenue settlement each year.

Further information

Business Rates Relief in Wales (external link) is a government-funded site, designed to provide businesses with a single source of clear and concise information on business rates.

If you have concerns about the valuation of your home or business the Valuation Tribunal Wales (external link) may be able to help you.