The Inland Revenue Valuation Office Agency (VOA) has revalued the rateable values of all non-domestic properties in England and Wales, which means the amount of business rates you pay is likely to have increased.
The rates are set centrally by the government’s VOA. Islington Council has no control over the amount of business rates you pay.
We have written to all businesses in the borough about the change and have included the guidance provided by the VOA.
The main thing you need to do is make sure that your new rateable value is correct.
Ways to make your payments more manageable
Check if you are eligible for a discount. If you don’t claim one already and you are a small business, charity or have a partly occupied property, you may get money off your bill.
Pay by Direct Debit. You can spread your bill over 12 months instead of 10 and choose one of four payment dates.
If you are concerned about the impact of these changes on your finances, you can get debt and money advice.