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Business & Investment

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0300 303 7800
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Business Rates

Business Rates are not a payment for specific services but are a contribution from businesses towards all the local services provided by the Council for the community.

Search Business Rates

Business Rates for all properties in the Sedgemoor area can be looked up in our online database here : Business Rates Search

Transitional Relief

The Transitional relief scheme was introduced in 2010 to help those ratepayers who were faced with higher bills. The scheme was due to end on 31st March 2015, resulting in a small number of ratepayers facing a jump to their full rates bill from 1st April 2015. However, the Government announced in the Autumn Statement on 3rd December 2014 that it will extend to March 2017 the current transitional relief scheme for properties with a rateable value up to and including £50,000.

This relief will not be granted automatically, the Council will be contacting eligible ratepayers in the Sedgemoor area during 2015.

Revaluation 2017

All rateable values are reassessed at a general revaluation to ensure bills paid by any one ratepayer reflect changes over time in the value of their property relative to others. This helps maintain fairness in the rating system by updating valuations in line with changes in the market. The current rating list is based on the 2010 revaluation. The Government has confirmed that the next revaluation will take place in 2017 based on rental values at 1st April 2015.

For more information on the 2017 revaluation, please visit the Valuation Office Agency website, or telephone 03000 501 501.

Rating multipliers used to calculate your business rates

2017/2018

  • Standard non domestic rating multiplier - 47.9p
  • Small business non domestic rating multiplier - 46.6p

2016/2017

  • Standard non domestic rating multiplier - 49.7p
  • Small business non domestic rating multiplier  - 48.4p

2015/2016 

  • Standard non domestic rating multiplier  -  49.3p
  • Small business non domestic rating multiplier  -  48.0p

 


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