Key performance indicators
Percentage of non-domestic rates collected
The rate at which we are collecting non-domestic rates (business rates) in Pendle during this financial year runs from 1st April to 31st March,.
Apart from properties that are exempt from business rates, each non-domestic property has a rateable value, which is normally set by the valuation officers of the Valuation Office Agency (VOA), an Agency of the Inland Revenue.
The rateable value broadly represents the yearly rent the property could have been let for on the open market on a particular date.
This indicator measures the amount of the non-domestic rates that are owed to us that have actually been paid for the current financial year.