National non-domestic rates

Business rates are collected by the council and paid into a central government pool. They are then redistributed on a percentage basis to each authority. They are collected from non domestic rate payers and contribute to the cost of local services.

There will be one business rates bill for each non-domestic property whether it is owned, rented or empty.

The amount 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

Business rates are also referred to as National Non Domestic Rates (NNDR).

You can find all the information that you will need to know about business rates by following the links on the left. We have also produced a handy booklet containing all this useful information, which has been delivered to businesses around Southwark

• Guide to Southwark business rates 2010/11