Non-domestic rating multipliers
(uniform business rate poundages)
There is no transitional phasing scheme in operation
in Wales (unlike England and Scotland) for the 2005 rating revaluation.
| Rate year |
All properties |
| 2005/06 |
42.1p |
| 2006/07 |
43.2p |
| 2007/08 |
44.8p |
| 2008/09 |
46.6p |
| 2009/10 |
48.9p |
Small Business Rate Relief Scheme
A small business rate relief scheme was introduced from
1 April 2007 and further extended from 1 April 2008 to 2012. It covers all businesses in Wales and will be automatically applied. The key points are detailed below.
Rateable value
-
Less than £2,000 = 50% relief
- £2,001 - £6,499 = 25% relief
- £9,000 (post offices) = 100% relief
- 9,001 - £11,999 (post offices) = 50% relief
- £2001 - £6,499 (retail premises, food, liquor, petrol) = 25% relief
- £2001- £8,999 (credit unions) = 50% relief
- £2001 - £11,999 (child care) = 50% relief
General interest on refunds
The appropriate rate of interest depends on the period when the
overpayment occurred, not when the refund is paid. The actual rate
of interest on rate overpayments is calculated using a statutory
formula linked to the base rate quoted by 'reference banks' on
15 March each year.
| Rate year |
Rates of interest upon refunds
of overpaid rates |
| 2000/01 |
5.00% |
| 2001/02 |
4.75% |
| 2002/03 |
3.00% |
| 2003/04 |
2.75% |
| 2004/05 |
3.00% |
| 2005/06 |
3.75% |
| 2006/07 |
3.50% |
| 2007/08 |
4.25% |
| 2008/09 |
4.25% |
| 2009/10 |
0.00% |
Further information
For more UK business rates data and and a quick guide to Colliers International's rating services download our brochure below or contact us to discuss your needs.
 Colliers International Essential Rating Data 2010/11 (PDF 308KB)
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