Business rates are also known as National Non-Domestic Rates (NDR) and apply to most properties that are not dwellings, e.g. shops, offices, factories, leisure centres, schools and certain plant and equipment, such as telecommunication masts and ATMs.
If a property is used for both domestic and non-domestic purposes – a shop with a flat above, for instance - NDR is payable on the non-domestic part and council tax on the domestic part.
The council collects rates on behalf of the Welsh Government
NDR bills are based on rateable values assessed by the Valuation Office Agency (VOA) and a 'multiplier' or rate in the pound, set annually by the Welsh Government
In 2015/16 the multiplier is £0.482
In 2016/17 the multiplier is £0.486
The rateable value is assessed by the Valuation Office Agency (VOA), an agency of HM Revenue and Customs.
A property's rateable value is an assessment of the annual rent the property would achieve if it were available to let on the open market at a fixed valuation date.
- Until 31 March 2017, the rateable values will be based on a valuation date of 1 April 2008.
- From 1 April 2017, the rateable values will be based on the valuation date of 1 April 2015.
Think your rateable value is wrong? Visit the correct your business rates page on Gov.UK
Business rates revaluation 2017
The VOA reassesses and updates the rateable values of all business properties usually every five years.
This is called a revaluation and is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market.
Revaluation does not raise extra revenue overall.
Visit the VOA revaluation web page for more information and to estimate your business rates bill, including any small business rate relief the council may apply.
Rates collected are paid into a central pool and are then redistributed by the Welsh Government to local authorities across Wales to pay for services.
Download Your Guide to Council Tax & Non-Domestic Rates 2016/17 (pdf)
Download the Police and Crime Commissioner Budget 2016/2017 (pdf)
Download Your Guide to Council Tax & Non-Domestic Rates 2015/16 (pdf)
Download the Police and Crime Commissioner Budget 2015/2016 (pdf)
Who pays business rates?
If a non-domestic property is occupied, usually the occupier is liable to pay the rates.
Where properties are unoccupied, the owner or the leaseholder is usually liable.
Occupiers who have just moved into a non-domestic property must read the information in the Property Occupation Questionnaire (pdf) and contact the council as soon as possible to provide information about who is responsible for business rates.
Occupiers who have vacated a non-domestic property must contact the council as soon as possible to provide details and complete a Property Vacation Questionnaire (pdf).
Details of occupations and vacations may also be notified by email to firstname.lastname@example.org or by letter to PO Box 887, Newport NP20 9LW.
How to pay
Sign up for Direct Debit or choose from other ways to pay...
There are reliefs (reductions) and exemptions from payment based on a variety of circumstances.
Some properties, e.g. farm buildings, churches are not rateable.
Read about rate relief schemes
Email email@example.com or contact Newport City Council