Page 1
Business Rates collected in the Braintree District
The estimated amount of business rates, after mandatory and discretionary reliefs, to be collected in 2022/23 is £38.76 million.
The Council expects to retain £5.2 million of this amount.
- 13% Braintree District Council
- 87% Government, Essex County Council and Essex Fire & Rescue Authority
Collection Rates
The business rate collection rate for 2020/21 was 95.72%.
In monetary terms, the Council collected £25.344 million out of the £26.475 million due under the precept.
The Council will continue to collect outstanding sums owed until full collection has been achieved.
At the time of publication, the projected Business Rate collection for 2021/22 was approximately 96%.
How your business rates bill is calculated
Rental value of your property x Figure set by government = Your business rate bill
Are you entitled to business rate relief?
Small Business Rate Relief
Ratepayers who are not entitled to other mandatory relief or are liable for unoccupied property rates and occupy a property with a rateable value which is below £51,000 will (subject to a small number of exemptions) have their bills calculated using the lower small business non-domestic rating multiplier, rather than the national non-domestic rating multiplier.
In addition, generally, if the sole or main property is shown on the rating list with a rateable value of less than £12,000 the ratepayer will receive 100% relief. If the property has a rateable value between £12,000 and £15,000, the ratepayer will receive relief based on a sliding scale between 100% and 0%. Apply online using www.braintree.gov.uk/raterelief
Generally, this percentage reduction (relief) is only available to ratepayers who occupy either -
- (a) one property, or
- (b) one main property and other additional properties providing those additional properties each have a rateable value which does not exceed £2,899 and the total rateable value of all of the properties is less than £20,000.
Expanded Retail discount
The 2022/23 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 50% relief, up to a cash cap limit of £110,000 per business.