The rateable value for your property is used to calculate your business rates bill.
Your local council will calculate the new business rates bill by multiplying your rateable value by the multiplier set by the government. Any rate reliefs will then be applied, for example you could qualify for retail, hospitality and leisure relief if your business is mainly being used as a:
· restaurant, café, bar or pub
· cinema or music venue
· hospitality or leisure business - for example, a gym, a spa or a hotel
If you’re eligible, you could get 75% off your business rates bills for the 2023 to 2024 tax year (1 April 2023 to 31 March 2024). The most you can get in each tax year is £110,000 per business. Click the link below for more information.
Please contact Wiltshire Council if you have any queries about your bill; email@example.com
Read More: https://www.gov.uk/government/publications/autumn-statement-2022-business-rates-factsheet/autumn-statement-2022-business-rates-factsheet
You can get an estimate of your new rateable value from gov.uk by clicking the link below. You can also check factual details, check how the rate was calculated, and compare your rateable value with similar properties in the area.
To make changes to the information held by the VOA, you can sign up for an online account – from 1st April 2023 you can also use this service to let the VOA know if you think your new rateable value is too high.
Calculate Value: https://www.gov.uk/find-business-rates
Salisbury BID Levy for Term 2 (2019-24) is based on the 2017 ratings list throughout the 5-year term. This means that for the final year of this BID term (2023/24) whilst business rates will be based on the new 2023 ratings list, the BID Levy will still be based on the 2017 ratings list.
(However new hereditaments entering the rating list for the first time will automatically be based on the 2023 ratings list as will have no previous ratings).
If you have any queries, please email firstname.lastname@example.org so that we can investigate this further and liaise with Wiltshire Council as needed.
In partnership with VisitWiltshire, Salisbury BID co-fund the Visit Salisbury website to promote the city to visitors. The Visit Salisbury website has a full events calendar for Salisbury.