- How your Business Rates are calculated
- Where does the income from Business Rates go?
- How to pay your bill
All non domestic properties are given a rateable value by the Valuation Office Agency (VOA) which is part of HM Revenue & Customs. They base their assessment on the annual rent for your property would be if it were let on the open market as at 1st April 2015. All rateable values are calculated using this date so each assessment is considered fair. For more information regarding your rateable value and how it is determined please visit the VOA website in Related Content.
The rateable value of your property is not the amount you will pay in Business Rates. To calculate your bill we multiply the rateable value by a figure called the national multiplier. This is a figure set by Central Government each year and is a rate in the pound which every local authority must use to calculate Business Rates bills.
The national multiplier for this financial year 2019/2020 is 0.504
The national multiplier for Small Business Rates for the financial year 2019/2020 is 0.491
This overall total can then be affected by discounts or reliefs that you may be entitled to.
Where does the income from Business Rates go?
- 50% goes to Central Government
- 40% is retained by Rochford District Council
- 9% goes to Essex County Council
- 1% goes to Essex Fire and Rescue Authority
How to pay
|By direct debit - You can pay in 1, 2, 10 or 12 instalments on the 1st, 10th or 20th of each month. To set up a direct debit online click this link|
|By debit or credit card – You can pay by debit or credit card by this 'pay for it' link or by phoning our automated payment line on 0300 003 2197 which is available 24 hours a day, 7 days a week.|
By your bank
You can pay via your own bank using our bank details below.
Our bank details
Remember to quote your 10 digit Business Rates account number on all the payments you make.