| NNDR customers journey map (Pdf 85kb) Budget Announcement (March 2011) - Extension to increase in level of Small Business Rates Relief (Pdf 98kb) Changes to Spelthorne’s Discretionary Rate Relief Policy
Discretionary Rate Relief Policy (Pdf 53kb) General information The non-domestic rates, or business rates, are collected by us and are the means by which businesses and others who occupy non-domestic property make a contribution towards the cost of local services. Except in the City of London where special arrangements apply, the rates are pooled by central government and redistributed to local councils according to the number of people living in the area. This money, together with revenue from council taxpayers, revenue support grant provided by the Government and certain other sums, is used to pay for the services provided by us and other local authorities in your area. There are currently over 2400 non domestic properties in Spelthorne with a total Rateable Value of £101.2 million. Put simply, the rate liability for each property is calculated by multiplying its rateable value by the non domestic multiplier. The rateable value is assessed by the Valuation Office (an agency of HM revenues and Customs) and is generally based on rental values together with circumstantial and geographical allowances. Every property in the Borough is listed in the Valuation List which can be viewed on-line at the Valuation Office website at www.voa.gov.uk (external website). Each Valuation List has a life of five years, the current list took effect from 1 April 2010 and is based on rental evidence as at 1 April 2008. |