What Happens if I Refuse to Pay My Business Rates? Archives

daniel January 3, 2020January 3, 2020 Business Rates, Business Rates Explained, Can I Save Money on My Business Rates?, How Do You Know if Your Business Rates Are Correct?, rateable value of the property, What Happens if I Refuse to Pay My Business Rates?

How Do You Know if Your Business Rates Are Correct?

The business rates are calculated using the rateable value of the property, which is the rental value of the property on the open market. This valuation is performed by the Valuation Office Agency (VOA) and is reassessed every five years. The rateable value is multiplied by an amount set by the government.