National Non Domestic Rates (NNDR).

NNDR or Business Rates is a form of taxation levied on the occupier of commercial premises. It was introduced on 1st April 1990 replacing the former General Rate system.

Under the 'Old' system, rates were set, collected and spent locally, whereas under the National Non Domestic Rates system the rate (rate in the pound or multiplier) is set by central government. The rates are collected by local authorites on behalf of central government and re-distributed to local councils.

The present Rating List is effective from 1st April 2005 and contains the Rateable Values upon which National Non Domestic Rates are levied.

<more>