Business Rates are also known as National Non-Domestic Rates (NNDR).
Business Rates are a tax payable for all occupied and some unoccupied
business premises. They are collected by all councils from businesses
in their area on behalf of Central Government. Business properties are
recorded on a NNDR Rating List which is maintained by the Valuation Office Agency (VOA) at Manchester.
The rates, collected each year by each council, are paid into a
Central Government pool and are then redistributed to Local Authorities
according to the number of people living in their area. This money is
then used to pay towards the cost of local services.
