There are changes to Business Rates following budget announcements.
Budget announcementNon Domestic Rates (otherwise known as Business Rates) is a tax on properties that are used for commercial purposes (for example, shops, factories and offices).
If your property is used for both domestic and non-domestic purposes, part of it will be assessed for Business Rates and the other part for Council Tax, for example a public house.
It is usually the organisation or person who is using the premises who is liable to pay the Business Rates. However, there are exceptions to this rule.
Business rates, collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services. Welwyn Hatfield Borough Council is now able to keep a proportion of the business rates paid locally. This provides a direct financial incentive for the Council to work with local businesses to create a favourable local environment for growth since authorities will benefit from growth in business rates revenues. 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 Welwyn Hatfield Borough Council.
