How Much Will I Pay?
The amount you are charged is based on
- The rateable value of the property that is set by the Valuation Office Agency (VOA)
- A 'multiplier' (rate in the pound) which is set by the government
The rateable value (RV)
The RV is based on the yearly rent that could be received for the property if it were let on the open market on April 1 2003, which may not be the same as the rent you actually pay.
The Valuation Office Agency (VOA) revalues properties every five years - the latest one is effective from April 2005 and used the rental value effective 1st April 2003. This is set by the  VOA.
Multiplier
The multiplier (rate in the pound) is set by central government.
The multipliers for 2008-09 are
- Standard multiplier - 46.2p for properties with a rateable value greater than £21,499
- Small business multiplier - 45.8p for properties with a rateable value less than £21,499
Reductions
Your business rates can be reduced if you are entitled to the following
- Small business rate relief
- Unoccupied relief
- Charitable and discretionary rate relief
- Transitional arrangements
Your business rates bill will detail any reductions, the amount you should pay and when this should be paid.
Business rates for 2008-09
You can download more information on Southwark and Business Rates for 2008/9 and on Precepting Authorities and Levying Bodies.
How can I check my account?
Your business rates bill will detail the amount you should pay and when the payments should be made. If you wish to query your bill or check the balance please contact a member of staff who will be happy to assist.
Contact us
By telephone
020 8290 7133
By post
The Business Rates Section
London Borough Of Southwark
PO Box 782
Bromley
BR1 3YE
Please indicate which department your query is for.
In person
Bermondsey One Stop Shop
Spa Road
Bermondsey
SE16 3QN
Peckham One Stop Shop
Ground Floor
Peckham Library
122 Peckham Hill Street
SE15 5JR
Walworth One Stop Shop
151 Walworth Road
London
SE17 1RY
All One Stop Shops are open from Monday to Friday, 9am to 5pm. In addition, Peckham One Stop Shop is open on Saturday, 9am to 1pm.
By email
Soubusinessrateuk@liberata.com |