Business Rates
Tottenham Disturbances
Help and information for traders affected by recent disturbances.
Business Rates
- What are Business Rates?
- How we work out your Business Rates
- How to pay
- Government revaluation of rates for 2010
- Business Rate Supplement
- Small Business Rate Relief
- Government explanatory notes
- Further information
- Downloadable forms
What are Business Rates?
Business Rates 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.
|back to topHow we work out your Business Rates
The Council works out your Business Rates bill by multiplying the Rateable Value (see government revaluation of rates for 2010) 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 2011/12 has been set at 42.6p in the pound. For properties which do not qualify, the multiplier has been set at 43.3p 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.
|back to topHow 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 attached files section below.
|back to topGovernment revaluation of rates for 2010
On 30 September 2009 the national Valuation Office Agency published new rateable values for all businesses in Haringey. The new rateable values will be used to calculate the business rates payable with effect from 1 April 2010.
All rateable values are reassessed every five years at a general revaluation. The current rating list is based on the 2010 revaluation. Five-yearly revaluations make sure each ratepayer pays their fair contribution and no more, by ensuring that the share of the national rates bill paid by any one ratepayer reflects changes over time in the value of their property relative to others. Revaluation does not raise extra money for Government.
Whilst the 2010 revaluation will not increase the amount of rates collected nationally, some ratepayers will see reductions or increases in their Business Rate liability.
For those that would otherwise see significant increases in their rates liability, the Government has put in place a £2 billion transitional relief scheme to limit and phase in changes in rate bills as a result of the 2010 revaluation. To help pay for the limits on increases in bills, there also have to be limits on reductions in bills. Under the transition scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the appropriate multiplier). The scheme applies only to the bill based on a property at the time of the revaluation. If there are any changes to the property after 1st April 2010, transitional arrangements will not normally apply to the part of a bill that relates to any increase in rateable value due to those changes. Changes to your bill as a result of other reasons (such as because of changes to the amount of small business rate relief) are not covered by the transitional arrangements.
The transitional arrangements are applied automatically and are shown on the front of your bill. Further information about transitional arrangements and other reliefs may be obtained from the BusinessLink website (external link) or contact the Haringey NNDR team as detailed below.
For more information on the revaluation including viewing new rateable values and appeal rights, please visit the Valuation Office Agency website (external link).
|back to topBusiness Rate Supplement (Crossrail BRS)
The Crossrail BRS is a supplement to business rates bills which will be used solely to finance £4.1 billion of the Greater London Authority’s contribution towards the £15.9 billion Crossrail Project. It is a key element of the Crossrail funding package which was agreed with the Government in November 2007.
The GLA will levy a rate of 2p (the BRS multiplier) on non-domestic properties in London with a rateable value of over £55,000 (i.e. £55,001 or more).
Less than one in five properties across London will be liable for the Crossrail BRS – falling to less than one in ten in several outer London boroughs. In Haringey approximately 1 in 12 properties will be affected.
Further information on the Crossrail BRS (external link) can be obtained from the Mayor of London website.
|back to topSmall Business Rate Relief
From 1 April 2010 the applicable rateable values within the Small Business Rate Relief scheme have been revised in order to account for the 2010 revaluation. Small businesses with a rateable value below £12,000 may qualify for a reduction from their full rate bill. In addition, eligible businesses with rateable values between £12,000 and £25,499 (£17,999 outside London) will have their business rates calculated using the small business multiplier.
A summary of the small business rate relief scheme can be found on the BusinessLink website (external link). If you believe your business may qualify for a reduction under the scheme please download and complete an application form (see downloadable forms section below).
Rateable Values are fixed by the Government's Valuation Office Agency, not the Council. Business Properties are revalued every five years and the last revaluation came into effect on 1 April 2010. Valuation lists, showing values for every non-domestic property are available for inspection on the Valuation Office Agency website (external link).
Haringey’s Business Rates section will issue you with a Business Rates demand, which will be payable by monthly instalments. Alternatively, by agreement with the Council, payment can be made annually, half yearly or quarterly.
|back to topFurther 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
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
- Direct Debit Instruction (PDF 38KB)
- Small Business Rate Relief application 2010/15 (PDF 50KB)
- Charitable / Discretionary Relief application form (PDF 56KB)
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