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Business rates

Business rates bills

The business rate collected by Medway Council is paid into a national pool and the money is distributed back to local councils. The amount that each council receives depends on the number of people living in the area. The non-domestic rates bill calculator 2010-15 gives you an estimate of your annual bill.

Rateable value

A business property has a rateable value based on its rental value that is set by the Valuation Office Agency (an independent government agency). Business rate bills are calculated by multiplying the rateable value of a property by the national multiplier that is set each year by central government. You can check your business rate balance and pay business rates online.

A copy of the local rating list, showing all rateable values, can be seen at Medway Council’s Revenues and Benefits Service office. Copies are also available at the Valuation Office Agency website (www.voa.gov.uk) or at the address below.

Owners, leaseholders or occupiers of business properties who think that their rateable value is wrong can appeal to:

The Valuation Office Agency
Non-domestic Rates South East
St Anne's House
2 St Anne's Road
Eastbourne
East Sussex
BN21 3LG
Phone: 0300 050 1501

National multiplier

The national multiplier is set each year by the government. The multipliers set since 1990 are as follows:

Financial year  Multiplier (p) Small business multiplier (p)
2011/12 43.3 42.6

2010/11

 41.4 40.7

2009/10

 48.5 48.1

2008/09

 46.2 45.8

2007/08

 44.4 44.1

2006/07

 43.3 42.6

2005/06

 42.2 41.5

2004/05

 45.6 N/A

2003/04

 44.4 N/A

2002/03

 43.7 N/A

2000/01

 41.6 N/A

1999/00

 48.9 N/A

1998/99

 47.4 N/A

1997/98

 45.8 N/A

1996/97

 44.9 N/A

1995/96

 43.2 N/A

1994/95

 42.3 N/A

1993/94

 41.6 N/A

1992/93

 40.2 N/A

1991/92

 38.6 N/A

1990/91

 34.8 N/A

 

For more information contact Medway Revenues and Benefits Service by telephone: 01634 332222 / 01634 332839 or by email: rates@medway.gov.uk

Write to: Medway Revenues and Benefits Service, Medway Council, Gun Wharf, Dock Road, Chatham, Kent ME4 4TR

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