Business rates, or National Non-Domestic Rates (NNDR) are paid as a contribution by businesses towards local services such as road maintenance, trading standards, economic development and the fire service. Half the money collected from business rates is sent to the Government, with the other half being shared between South Norfolk Council and Norfolk County Council.
Business rates are charged on all properties and premises which are not used as a dwelling. The ratepayer must be the occupier of the property or where the property is empty then they must be paid by the owner.
Further information can be found in this section and in the business rates explanatory notes.
Please be aware; the Chancellor in the Spring Budget of 8 March 2017, announced further support with increased bills, this additional support is not reflected in the these explanatory notes.
Whilst we still await further clarification for this additional support; here is an outline of the changes:
- Support to provide up to £1000 discount for eligible public houses to reduce their bill for 2017/18.
- Limiting the increase for those ratepayers who, as a result of increased rateable value's at the revaluation, will lose some or all of their Small Business Rate Relief or Rural Rate Relief.
- A discretionary support fund under which the Government have indicated South Norfolk Council may have in the region of £417K available to support businesses over the next four years.
For further information please go to https://www.gov.uk/government/publications/22017-spring-budget-support-for-business.