Some smaller charities have not been applying for government support – either directly or from their local authority – because of confusion over business rates and rateable value.
What is rateable value?
Rateable value (RV) is a value that is given to all non-domestic and commercial properties. It is used to assess the amount of business rates the property owner or leaseholder must pay. It is re-evaluated periodically.
RV is assigned by the Valuation Office Agency which is part of HMRC.
The RV of your premises is used by your local council to calculate your business rates bill, small business rate relief, charitable rate relief etc.
Why do I need to know the RV of our premises?
Some government support for businesses (including charities and voluntary organisations) is allocated based on the RV of your premises.
How can I find out the RV of our premises?
Simply enter your post code or part of your address to find the details for your premises.