Business Rates

Coronavirus COVID-19 - update 25 March 

Grants for businesses registered to pay business rates in Wales

The Welsh Government has introduced two grants to support businesses in Wales through the coronavirus pandemic.

These grants are available to businesses that are registered to pay business rates on their premises on or before 20 March 2020.

The Welsh Government is working in partnership with local authorities to deliver the grants to qualifying businesses.

Grant 1: A grant of £25,000 is being made available for retail, leisure and hospitality businesses occupying properties with a rateable value of between £12,001 and £51,000. 

This means businesses that occupy properties such as shops, restaurants, cafes, drinking establishments, cinemas, live music venues, hotels, guest and boarding premises and self-catering accommodation. 

See below for instructions on how to apply.

 

Retail, leisure and hospitality businesses with a rateable value of £500,000 or less will also receive 100% business rates relief for the financial year 2020/21. This will be processed via your local authority. You do not need to do anything to access this.

 

Grant 2: A £10,000 grant to all businesses eligible for small business rates relief (SBRR) in Wales with a rateable value of £12,000 or less. 

Please note that a multiple property restriction which applies to the Small Business Rates Relief scheme also applies to this grant. Therefore, the same ratepayer may only receive the grant for a maximum of two properties in each local authority area.

See below for instructions on how to apply.

 

Local authorities are administering these two grants in Wales, and for Newport businesses these will be distributed by Newport City Council. 

How to apply for Grant 1 and Grant 2

The grant will be paid directly into the business bank account.

To apply, send an email to nndr@newport.gov.uk including the following information: 

  1. Name of the business
  2. Contact details: email address, telephone number, named contact
  3. Address of all premises used by the business
  4. Business Rate account number (from your bill)
  5. Business bank account details: account name, sort code and account number
  6. Details of the nature of the business

Our aim is to get this funding to businesses as soon as possible. 

If you are a small business and you think you are eligible for support, please start to pull this information together now in order to prevent any delays. 


Pay business rates online

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Make a Business Improvement District (BID) payment

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

For 2018/19 the multiplier is £0.514

For 2019/20 the multiplier is £0.526

Rateable value

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.

From 1 April 2017, the rateable values are based on the valuation date of 1 April 2015

If you think your rateable value is wrong visit the Gov.UK site.

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 and NDR 2019/2020 (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 emailed to nndr@newport.gov.uk or sent by letter to PO Box 887, Newport NP20 9LW.

How to pay

Sign up for Direct Debit or choose from other ways to pay...

Rate relief

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  

Privacy notice

Download the Business Rates privacy notice (pdf)

Contact

Email nndr@newport.gov.uk or contact Newport City Council