What is Business Rates?
An introduction to business rates, how it is calculated and paid, and where the monies collected are distributed.
Most non-domestic properties such as shops, offices, factories, warehouses, public houses, restaurants, and stables are assessed for Business Rates. The person/company benefiting from a property normally pays the Business Rates. This is usually the owner-occupier or leaseholder.
The administration and collection of business rates is carried out by the Business Rates team of Boston Borough Council. Part of the revenue raised by us is retained locally by the council and part is sent to Lincolnshire County Council. The monies retained together with Council Tax Revenues and any other grants provided to us by Central Government is used to pay for services provided by us and other local councils in your area.
Business Rates Assurance
We administer and collect Business Rates and are engaged in assurance activities to promote fairness and equity in the Business Rates system. In recognition of this, the Government has awarded additional funding to support us with this work. We are keen to ensure that all business premises are captured in the Local Rating List, that rateable values are correct and reflect any changes made since the last assessment. You can check if premises are rated. If you run, or are aware of, a business that may not be rated (or that the assessment is out of date), please inform us on 01205 314200, selecting Business Rates. All information supplied will be treated in confidence.
It is important that owners, tenants and occupiers of premises keep us informed of any changes that could affect the rates bill (for example, changes in occupation, liable party, exemptions and rate relief entitlements). Please help us to keep our records up to date by contacting us straight away.