Explain Business Rates

Business rates are the way that businesses and those who occupy non-domestic property contribute towards the cost of local services. 

The business rates are collected by the council and sent to the central government, which redistributes the money back to local councils according to the number of people living in the area. This money, together with council tax payments and government funding, pays for the services the council provides.

The next revaluation of business rates is underway in England and Wales - Revaluation 2023.

From 1 April 2023, customers will only be able to make a Check against the 2023 rating list.

As the 2017 rating list will be closed there are only limited circumstances in which further amendments may be made to it. These are:

• Following outstanding Checks submitted prior to 1 April 2023 and any subsequent challenges and appeals
• The VOA can alter the 2017 list up to 31 March 2024.This allows us to clear existing cases/reports and enables you to submit reports that have a retrospective element regarding the 2017 list. If we make any alterations to the 2017 list, we will advise the customer that they have the right to make a Check within 6 months of the date of our alteration.
• A customer has the right to challenge the 2017 list on the grounds of a tribunal or court decision, provided a Check has been made by 30 September 2023.
• After 31 March 2024 the 2017 list may only be altered because of a challenge or appeal.

Providing your rental information ensures the business rates you pay are accurate.

If you receive a request for rent, lease and ownership details from the Valuation Office Agency you should go online and complete this form. 

It takes less than 30 minutes to make sure your business rates are accurate. Find out more information at GOV.uk.

To view Council Tax and Business Rates booklet click here Council Tax - charges by area - Powys County Council

Find the Business rates rateable value for a property here