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Business Rates

What are Business Rates?

Business Rate is a tax on business properties that helps to pay for the borough's services. It is also called the National Non-Domestic Rate.

Business Rates are pooled by Central Government and redistributed to local authorities as part of the annual formula grant settlement. The money, together with revenue from council tax payers, revenue support grant provided by the Government and certain other sums, is used to pay for the services provided by this authority.

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How we work out your Business Rates

The Council works out your Business Rate bill by multiplying the Rateable Value (see Revaluation 2010 and Transitional Arrangements) of the property by the rate multiplier or ‘poundage’, which the Government sets from the 1 April each year.

There are two multipliers. For properties which qualify for small business rate relief the multiplier for 2013/14 has been set at 46.2p in the pound. For properties which do not qualify, the multiplier has been set at 47.1p in the pound, which includes a supplement to pay for small business rate relief.

For details of the multipliers for previous years, please see Business Rate Multipliers.

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How to pay

Now you can pay your business rates online and view your account details online.

To make payments by Direct Debit, please download a direct debit mandate from the downloadable forms section below.

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Business Rate Supplement (Crossrail BRS)

The Greater London Authority (GLA) introduced a business rate supplement (BRS) in April 2010 to finance £4.1 billion of the costs of the £15.9 billion Crossrail project.

What is Crossrail and how will it benefit your business?

Crossrail will provide a new modern railway across London connecting the outer suburbs and Heathrow to the West End, the City and Canary Wharf. It is key to the future growth of London's economy and the increased earnings - from new employment opportunities and transport time savings - will benefit businesses right across London. It will be by far the largest single investment in London's infrastructure for a generation or more employing up to £14,000 people at the peak of construction. Crossrail services are due to commence on the Shenfield to Liverpool Street section in 2017 and through central London in 2018 followed by a phased introduction of services on the rest of the route.

Crossrail Ltd is committed to engaging regularly with local communities and business sectors to ensure that business' voice is heard. Further information on Crossrail can be found at Crossrail (external website), by calling the Crossrail 24 hr Helpdesk on 0345 602 3813 or visiting Crossrail's Visitor Information Centres at 16-18 St Giles High Street, London, WC2H 8LN and the Idea Store, 321 Whitechapel Road, London, E1 1BU.

Developments in the construction and funding of Crossrail

The Mayor of London agreed a settlement with the Government in October 2010 which will allow Crossrail to be built on its agreed route and secure investment for the upgrade of the Tube. Crossrail is now under construction at all its central station sites across London and tunnelling works are due to start in 2012.

In April 2012 the Mayor is also due to introduce a community infrastructure planning (CIL) levy on new developments in London to finance Crossrail. This will be paid by the developer. Further information can be found on the GLA (external website).

How will London's businesses help to fund Crossrail?

The Crossrail BRS will be used to finance £3.5 billion worth of borrowing by the GLA and the repayment of this sum after the end of the Crossrail construction works. A further £0.6 billion of BRS revenues will be used to finance the construction works directly. The GLA will have contributed £1.9billion by March 2012 towards the projects using revenue financed by the BRS. It is expects the Crossrail BRS will run for a period of between 24 and 31 years until its borrowing is repaid.

Does my business have to pay the Crossrail BRS?

The Crossrail BRS is applied only to assessments (e.g. business and other non domestic premises) on the local rating lists of the 32 London boroughs and the City of London Corporation which have a rateable value of more than £55,000. Over 80 per cent of non domestic properties in London will therefore be exempt from the BRS. Your rates bill makes clear if you are liable to pay the BRS.

How much do I pay if my property's rateable value is above £55,000?

The Crossrail BRS multiplier for 2013/14 is 2p per pound of rateable value. Reliefs for the Crossrail BRS will apply on the same basis and at the same percentage rate as for your National Non Domestic Rates (NNDR) bill although no transitional relief is provided for the BRS.

Further information on the Crossrail BRS can be obtained by contacting the GLA (external link):

Greater London Authority
Finance Division
6th Floor
City Hall
The Queen's Walk
London
SE1 2AA

Tel: 020 7983 4100
Email: Crossrail-brs@london.gov.uk

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Further information

Further information is available from:

NNDR Team (Haringey)
PO Box 55280
London
N22 9EN

Tel 020 8489 3551 (Monday to Friday, 9am to 5pm)
Fax 020 8489 3552
Email business.rates@haringey.gov.uk

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Downloadable Forms

If you would like to pay by Direct Debit or apply for a reduction, please download and completed the relevant form and return it to:

NNDR Team (Haringey)
PO Box 55280
London
N22 9EN

Attached Files

Page Last Updated: 17 April 2013

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