What are business rates?
Definition of business rates
Business rates are what businesses pay on their offices and factories instead of council tax.
If you have a small business, you may be entitled to small business rate relief to reduce how much you have to pay for business rates.
To find out how much you may have to pay you can enter your business's postcode into this business rates tool from the Valuation Office Agency.
At the Autumn Budget in October 2021, the government announced that from 1st April 2022 there will be a discount of 50% in business rates for eligible retail, leisure and hospitality businesses in England. This relief will be capped at £110,000 per business and will apply for the whole of the 2022/23 tax year.
Frequently Asked Questions
I work from home, do I have to pay business rates instead of (or as well as) council tax?
That depends on what your business does and what work you carry out at home. Visit the HMRC website for more information on whether or not your business is eligible for business rates.