mybusinessrates.gov.uk/wales the official government website
Working from home, renting out a holiday home or providing bed and breakfast - you may have to pay business rates on your property
Understanding summary valuations
Every five years the rateable values of all 1.75 million business properties in Wales and England are reassessed. The most recent revaluation came into effect on 1 April 2005. Many ratepayers received details of their proposed new rateable value in the form of a summary valuation.
Paying your bill
Your local authority will normally ask you to pay your business rates bill over several monthly instalments. The number of instalments will depend on your total liability - the minimum amount for an instalment is £50. Your bill will show the amount of each instalment and the dates on which you should pay each one. You may be able to pay online - if your local authority provides this facility, you can access it from the contacts section.
Contact your local authority as soon as possible if you cannot pay the bill or any of the instalments – they may be able to change the amounts and dates of your payments. Don’t ignore your bill – if you don’t pay it or don’t agree in writing an arrangement for paying it, the local authority may take action against you. This could end up increasing the amount you have to pay.