Accessibility and Display Options

Choose accessibility and display settings
Text Preferences
Colour Schemes
Cookies
Save Close

 


Business Rates

2024 - Review of Small Business Rate Relief 

We have sent a review letter with annual bills, checking entitlement to Small Business Rate Relief.  If you have received a review letter, please complete this form: Small Business Review Form.

Your Bill

Your bill details your Business Rate liability less any entitlement to reliefs or exemptions; it also explains when payment is due and how payments should be made.

The Explanatory Notes which normally accompany your bill are now available online, although we are happy to provide a printed copy should you need one. The Explanatory Notes are worded by Central Government: Explanatory Notes

Revaluation 2023

There has been a revaluation of all Non-Domestic property effective from 1 April 2023, your Rateable Value is shown on your bill or alternatively you can locate it on the VOA website External Hyperlink  

The Valuation Office Agency (VOA), which is an agency of His Majesty's Revenue and Customs, sets the Rateable Value of business premises by using property details such as rental information.

The VOA regularly reassesses and updates the Rateable Values of all business properties; this is called a Revaluation and usually occurs every 3 years, although the last revaluation took place in 2017. Revaluations are done to maintain fairness in the system by redistributing the total amount payable in Business Rates, reflecting changes in the property market.

The property's Rateable Value is an assessment of the annual rent the property would rent for if it were available to let on the open market at a fixed valuation date.

Until 31 March 2022, the Rateable Values will be based on a valuation date of 1 April 2015.

From 1 April 2023, the Rateable Values will be based on the valuation date of 1 April 2021.

Retail, Hospitality and Leisure (RHL) Relief Scheme.

Please see details of this scheme, together with Important Information about the £110,000 cash cap/Small Amounts of Financial Assistance Subsidy, here: Reliefs webpage.

Business Rates 

Business Rates, which are also known as National Non-Domestic Rates, are a local tax paid by the occupiers of all non-domestic/business property, in the same way that Council Tax is a tax paid on all domestic property.

Properties such as shops, offices, pubs, warehouses and factories are subject to Business Rates, but the property doesn't have to be used for a business; if it is used for purposes which are not domestic, it is likely to be rateable.

We will calculate your bill by multiplying your Rateable Value by a factor set by central Government each year; this is known as the 'multiplier'. 

The two multipliers for 2024/2025 are 54.6p (51.2p in 23/24) for the standard multiplier and 49.9p (also 49.9p in 23/24) for the small business multiplier. We then apply any rate relief or adjustments that are due and send you a Business Rates bill annually and also whenever there is a change in liability or your payments.

View your Business Rate Bill online

If you would like to see your Business Rates online and sign up for e-billing, you can register for this service through the page below:

Register for e-billing and online Business Rates

Paying your business rates

You can pay your business rates in several ways; in the paying your business rates section you can see the options available and what you should do if you are having problems making payment.

Reliefs and Exemptions

In some circumstances, you may not need to pay the full amount of business rates and some properties may be exempt. You can find out about these different discounts and exemptions on the reliefs and exemptions webpage.

How are your business rates calculated?

Find out how your business rates are calculated and how you may be affected by the transition scheme on the business rates calculation section.

Have your circumstances changed?

If you move into or out of business premises, you must provide us with specific information as detailed here.

For more information, contact our business rates team on 01329 824651 or e-mail us at businessrates@fareham.gov.uk.

Appealing against your Rateable Value

The ratepayer, and certain others who have an interest in the property, can appeal against the Rateable Value if they believe it to be wrong.

If you wish to make an appeal or find more information, visit the Valuation Office Agency Website External Hyperlink.

You can also contact the Valuation Office Agency:

Non-domestic Rates South West
Valuation Office Agency
Temple Quay House
2 The Square
Temple Quay
Bristol
BS1 6PN

E-mail: ratingsouthwest@voa.gsi.gov.uk

Telephone: 0300 050 1501

An appeal against your Rateable Value is not accepted by magistrates' courts as reasonable grounds for withholding payment of your bill, either in full or in part. If your appeal is successful and your Rateable Value is reduced, you can claim a refund for any overpayment you have made.

Business Rate Privacy Notice

Your information will be used by Fareham Borough Council to administer and calculate your liability to taxes or entitlement to benefits. We have a duty to protect public funds and will use this information for the prevention and detection of fraud, auditing, monitoring, statistical and other research.  The information may be shared with third parties (council departments, other councils, government agencies or external agencies). Further information is available in the Council Tax and Business Rate Privacy Notice PDF (602 KB).

Business Rate Freedom of Information Requests

The Council receives a high number of Freedom of Information requests for business rates, which are often similar or identical in nature.  To assist businesses and individuals who may request this information and to avoid the need to make a request, the Council publishes the following information:

Business Rates made under Freedom of Information

Contact Us

For more information please contact our business rates team on 01329 824651 or by email at businessrates@fareham.gov.uk.

 

 




Back to top of page Back to Top How to get here RSS Feeds