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. Under the business rates retention arrangements introduced from 1st April 2013, authorities keep a proportion of the business rates paid locally.
The money, together with revenue from council taxpayers, locally generated income, and grants from central government, is used to pay for the services provided by Erewash council.
Further information about the business rates system, may be obtained at GOV UK - Business rates overview.
Business rates: Overview - GOV.UK
What you'll pay
You must pay Business Rates (National Non-Domestic Rates) on properties such as shops, offices and factories. Central Government set the multipliers (the rates in the £) each year.
For 2025/2026 the standard multiplier has been set at 55.5p in the £ (it was 54.6p in 2024/25).
Properties with a rateable value below £51,000 will pay on a multiplier of 49.9p in the £.
The independent Valuation Office (VOA) sets Business Rates based on the rateable value of the property. This is revalued on a regular basis.
The current general revaluation took effect from 1st April 2023