Interest on business rates refunds

If you have a Business Rates refund to claim, you will need to complete and return the Refund Application Form that will be provided with your credit bill.

Should you be entitled to interest on your Business Rates refund, then this will be calculated automatically when your refund is issued.

The amount of interest from 1 April 2023 onwards is set by regulations and is based on 1 percentage point below the standard rate as at 15th March of the previous financial year.

All interest payments will be taxed and a tax certificate will be automatically sent.

Please note that interest is only payable on credits resulting in an amendment to your rateable value.