Thursday, 7 August 2008
The Business Rate is a tax on all business and non-domestic properties. It is calculated by multiplying the Rateable Value of an individual property by the National Non Domestic Multiplier. The result of this calculation is the business rate payable for the year. This amount may be varied by Transitional Relief or Transitional Surcharge, dependant on the government's phasing arrangements.
All businesses benefit from the services which local authorities provide.
Businesses find some services more useful than others, for example, street lighting and road repairs or the police and fire services. Business Rates help pay for these services.
The money collected from the charge is paid into a ‘national pool’ . This means that every council collects Business Rates and pays it into a Government fund.
This authority is under a duty to protect the public funds it administers and to this end may use the information you provide for the prevention and detection of fraud. It may also share your information with other bodies responsible for auditing or administering public funds for these purposes.
Information may also be shared if it is necessary for the Council to carry out its legal functions. In addition it may be shared with other organisations such as the Police or HM Revenues and Customs if it is needed to prevent or detect a criminal offence, prosecute or apprehend an offender or to assess or collect any tax or duty.
Sensitive personal information will not be shared unless it is needed in relation to a criminal matter. An example of what might be regarded, as sensitive information, are your banking details. We will not give information about you to anyone else unless you give us permission or the law allows us to.
If you would like any further information about how Business Rates information is used please contact the Business Rates and Revenues Manager on 01302 734454.
