Annual Notification

MY EREWASH

We have introduced a new online portal for self service. By registering for My Erewash, you will be able to apply for help, support and advice regarding business rates. My Erewash can also be used to access a wide range of other services that the council provides, including applications for grants.

Click on the Register/Sign In button at the top of this page to set up an account, or to view your My Erewash account, if you have already created one.

Annual Notification

Business rates

Non-Domestic Rates, or Business Rates, collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services. Except in the City of London where special arrangements apply, the rates are pooled by central government and redistributed to local authorities as part of the annual formula grant settlement.

The money, together with revenue from council tax payers, revenue support grant provided by the Government and certain other sums, is used to pay for the services provided by your local authority and other local authorities in your area.

Further details regarding budgetary and financial information for Erewash Borough Council, Derbyshire County Council, Police and Crime Commissioner for Derbyshire and Derbyshire Fire and Rescue can be viewed on the Annual council tax page of our website.

National Non-Domestic Rating Multiplier

The local authority works out the Business Rates bill by multiplying the rateable value of the property by the appropriate multiplier. There are two multipliers; the standard non-domestic rating multiplier and the small business non-domestic rating multiplier. The former is higher to pay for small business rate relief. The Government sets the multipliers for each financial year for the whole of England, except in the City of London where special arrangements apply, according to formulae set by legislation.

The multipliers change each year in line with inflation and to take account of the cost of small business rate relief. In the year of a revaluation, the multipliers are recalculated to account for overall changes to rateable value and to ensure that the revaluation does not raise extra money for government. The multiplier for the relevant year is shown on the front of your bill.

2010/11

Non-Domestic Rating Multiplier is 41.4p in the £
Small Business Non-Domestic Rating Multiplier is 40.7p in the £

2011/12

The Non-Domestic Rating Multiplier is 43.3p in the £
The Small Business Non-Domestic Rating Multiplier is 42.6p in the £

2012/13

The Non-Domestic Rating Multiplier is 45.8p in the £
The Small Business Non-Domestic Rating Multiplier is 45.0p in the £

2013/14

The Non-Domestic Rating Multiplier is 47.1p in the £
The Small Business Non-Domestic Rating Multiplier is 46.2p in the £

2014/15

The Non-Domestic Rating Multiplier is 48.2p in the £
The Small Business Non-Domestic Rating Multiplier is 47.1p in the £

2015/16

The Non-Domestic Rating Multiplier is 49.3p in the £
The Small Business Non-Domestic Rating Multiplier is 48.0p in the £

2016/17

The Non-Domestic Rating Multiplier is 49.7p in the £
The Small Business Non-Domestic Rating Multiplier is 48.4p in the £

2017/18

The Non-Domestic Rating Multiplier is 47.9p in the £
The Small Business Non-Domestic Rating Multiplier is 46.6p in the £

2018/19

The Non-Domestic Rating Multiplier is 49.3p in the £
The Small Business Non-Domestic Rating Multiplier is 48.0p in the £

2019/20

The Non-Domestic Rating Multiplier is 50.4p in the £
The Small Business Non-Domestic Rating Multiplier is 49.1p in the £

2020/21

The Non-Domestic Rating Multiplier is 51.2p in the £
The Small Business Non-Domestic Rating Multiplier is 49.9p in the £

2021/22

The Non-Domestic Rating Multiplier is 51.2p in the £
The Small Business Non-Domestic Rating Multiplier is 49.9p in the £

2022/23

The Non-Domestic Rating Multiplier is 51.2p in the £
The Small Business Non-Domestic Rating Multiplier is 49.9p in the £

2023/24

The Non-Domestic Rating Multiplier is 51.2p in the £
The Small Business Non-Domestic Rating Multiplier is 49.9p in the £

Revaluation and Transitional Arrangements

The Valuation Office Agency (VOA) regularly updates the rateable values of all business and other non-domestic properties (properties that are not just private homes) in England and Wales. This is called a revaluation. The current revaluation has taken place from 1st April 2023.

Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2023 valuation, that date was 1 April 2021. This was during the pandemic and the rent information the VOA used reflected this. We use these rateable values to calculate business rates bills.

Revaluations make sure each ratepayer pays their fair contribution and no more. A revaluation does not raise extra money for Government and is carried out to reflect changes in the property market, which means that business rates bills are based on more up-to-date information.

Whilst the 2023 revaluation will not increase the amount of rates collected nationally, within this overall picture, some properties will see their business rate liabilities reduced and other ratepayers will see increases.

For those that would otherwise see significant increases in their rates liability due to the revaluation, the Government has put in place a transitional relief scheme to limit and phase in increased charges. Under the transition scheme, limits continue to apply to yearly increases until the full amount is due (rateable value times the appropriate multiplier).

The scheme applies only to the bill based on a property at the time of the revaluation. If there are any changes to the property after 1st April 2023, transitional arrangements will not normally apply to the part of a bill that relates to any increase in rateable value due to those changes.

The transitional arrangements are applied automatically and are shown on the front of your bill. Further information about transitional arrangements and other reliefs may be obtained from the Reductions page or the Business Rates section of the GOV.UK website.

More information on Revaluation 2023 can be found on the Valuation Office Agency (VOA) website.

Revaluations are carried out to reflect changes in the property market, which means that business rates bills are based on more up-to-date information.

The next proposed revaluation will come into effect on 1 April 2026.

Contacting the Valuation Office Agency

We are responsible for anything to do with your business rates bill. The VOA is responsible for the valuation of your property. You will therefore need to contact the VOA for all queries about your rateable value.

Finding your rateable value

You are now able to see the future rateable value for your property and get an estimate of what your 2023/24 business rates bill may be. You can do this through the VOA’s Find a Business Rates Valuation Service on GOV.UK.

Your property details need changing

To tell the VOA about changes to your property details (such as floor area sizes and parking) you need a business rates valuation account. The VOA may accept your changes and update the current and future valuations.

You think your rateable value is too high

From 1 April 2023, you will need to use a business rates valuation account to tell the VOA you think your rateable value is too high. You must continue to pay your business rates as normal until a decision has been made.

How Coronavirus (COVID-19) affected future rateable values

The VOA bases most rateable values on an estimate of what it would cost to rent a property for a year, starting on a certain date.