Business Rates Billing Information 2026-27
View the documents that are included with the annual business rate bills and some additional information which may be helpful to you.
You can find details of Torridge District Council's budget for the 2026-27 financial year here Billing Information 2026/27
Torridge currently retains 40% of the business rates it collects, the balance being distributed to Central Government (50%) Devon County Council (9%) and Devon & Somerset Fire Authority (1%).
Torridge retains 100% of all the business rates due from Renewable Energy businesses (Solar and Wind Farms).
Whilst Torridge Council collects non-domestic rates from businesses, the rateable value of each property is set by the Valuation Office, part of HMRC, who also handle checks and challenges against rateable values.
The rate in the pound is set annually by Central Government.
From 1 April 2026 the Government has introduced three additional multipliers. Different multipliers will apply to properties which fall into Retail, Hospitality and Leisure Categories. A higher multiplier will apply to high value properties, whose rateable value exceeds £500,000. The multipliers are shown below:
Multiplier | Rateable Value Thresholds | Category |
38.2p | Up to £50,999 | RHL properties |
43.0p | £51,000 to £499,999 | RHL properties |
43.2p | Up to £50,999 | Non RHL properties |
48.0p | £51,000 to £499,999 | Non RHL properties |
50.8p | 500,000 and over | All properties |
