Night time economy framework »The framework aims to help develop a sustainable, healthy and safe night time economy in Wales.Learn more »
New figures show the number of young people not in education, employment or training in Wales fell during 2016
Skills and Science Minister, Julie James, has welcomed new figures showing a decline in the number of young people not in education, employment or training (NEET) during 2016.
- Carl Sargeant welcomes Help to Buy success
- New funding lays the foundations for Wales Co-operative Housing initiative
- New figures show the number of young people not in education, employment or training in Wales fell during 2016
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Section highlightLandfill Disposals Tax Communities Scheme
The scheme will support local community and environmental projects in areas affected by the disposal of waste to landfill.
Final Budget 2017-18 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2017-18 is £15bn.Learn more »
- Statistics & Research
Non-Domestic (business) Rates
Non Domestic Rates (NDR) are also known as Business Rates and are a property tax paid on non-domestic properties.
NDR are the means by which businesses and other users of non-domestic property contribute towards the costs of local authority services.
NDR are calculated by taking the Rateable Value (RV) of a property and multiplying it by the NDR 'multiplier' or 'poundage' for the year in question. The Valuation Office Agency (VOA), which is independent of the Welsh Government, values properties for the purposes of charging NDR and assigns the RV.
The Welsh Government sets the multiplier each year. Normally the multiplier is set according to the Retail Price Index (RPI) as at the September preceding the financial year to which the multiplier applies, and it cannot be increased by more than that figure. The multiplier for the financial year 2017-18 is 0·499.
There are various reliefs available which can help to reduce the rates bill for a business or other non-domestic property. The Welsh Government pays 100% of mandatory rate reliefs and a percentage, in some cases up to 90%, of discretionary reliefs. A business can appeal against its RV if it thinks it is incorrect.
All NDRs are collected and paid into the Welsh Government's Non-Domestic Rates Pool. They are then redistributed to local authorities as part of the local government revenue settlement each year.
Business Rates Relief in Wales (external link) is a government-funded site, designed to provide businesses with a single source of clear and concise information on business rates.