Business Rate and Other Taxes

Limited companies using non-domestic premises for their business have to pay business rates to the local authorities. Business rate is an equivalent of the council tax paid by individuals.

All business premises in England and Wales have their rateable value set by the Valuation Office Agency (VOA), which is an executive agency of HM Revenue and Customs. Local councils use this rateable value and the multipliers for England, Wales, Scotland and Northern Ireland fixed by the government to establish the amount of a business rate for every non-domestic property.

As a result, the business rate you pay depends on the localization, size and value of the property used for business purposes. You pay the business rate similar to council tax. Your Council will send you an adequate invoice to be paid in ten equal instalments.

Limited companies (ltd) active in some businesses have to pay specific taxes on particular goods and services such as Tobacco & Alcohol Duty or Betting & Gaming Duty.

Capital Business Links Ltd will be happy to assist you in all taxation matters including business tax rate and specific taxes levied in your business. You can learn more about our offer contacting us on telephone number 0208 567 99 44 or at our e-mail address.