Business Rates

Non-domestic rates or business rates are the way that those who occupy non-domestic property contribute towards the cost of local services. They are administered and collected by local authorities.

Under the business rates retention arrangements introduced in April 2013, authorities keep a proportion of the business rates paid locally. This provides a direct financial incentive for authorities to work with local businesses to create a favourable local environment for growth since authorities will benefit from growth in business rates revenues. 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 your local authority and other local authorities in your area.

For further information download explanatory notes business rates 2017/2018.

For details of the government's 'supporting small businesses scheme' as announced in the Spring 2017 budget see the Mayor's letter.

2017 revaluation

The Valuation Office Agency (VOA) carries out a regular revaluation of rateable values nationally with the next one coming into force on the 1 April 2017. The VOA is an executive agency of the Inland Revenue

For details view the business rates revaluation 2017 page

This includes information on how to check your new business rates valuation, changes in small business rates relief, rateable multipliers for 2017/18 and the new transition scheme.

How to pay

There are a number of ways to pay your business rates notice. Direct debit is the easiest and most convenient.

Reductions and reliefs

Find out if you could be eligible for business rates relief or reduction including small business rates relief and charity relief.

Moving in/out of Tower Hamlets

Moving business property form

My business rates account

Contact us

Tel: 020 7364 5010