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Business rates help please

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Could anybody please tell me about business rates for a new startup ie when they kick in . Is there an initial time before you pay and what they are based on ie how much do you pay.

Comments

  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    you are asking for facts that you can look up yourself using google, here is a starter for you:

    https://www.gov.uk/calculate-your-business-rates
  • Thankyou for the link. The property doesn't come up under a postcode search so I'm not sure how we work out the rateable value .
  • Aquamania
    Aquamania Posts: 2,112 Forumite
    BBH123 wrote: »
    Thankyou for the link. The property doesn't come up under a postcode search so I'm not sure how we work out the rateable value .

    Contact Royal Mail for the property's post code.

    The property should have a postcode. I'm surprised it is not on your lease/purchase agreement.
  • The property does have a postcode but doesnt come up under the search function on that link, in fact only 2 premises are mentioned on the link. Could this be that its because the properties are not used as busineses already.
  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    BBH123 wrote: »
    Could this be that its because the properties are not used as busineses already.
    obviously.....

    therefore you will need to get the VOA to do a valuation

    then you will need to see if that is less than the business rates relief also explained in the link I gave you to establish if there is actually anything to pay

    seems like you don't really know how to get started in business? Is there a chamber of commerce in your area that you could join and get their help/advice?
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