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<p>Business rates liabilities are based on the rateable value and the non-domestic
rating multiplier set by the Government.</p><p> </p><p>The Valuation Office Agency
(VOA) determines the rateable value of the property using three broad methods: a rentals
basis; receipts and expenditure (R&E); and a contractor’s basis, that is to say,
a building's replacement costs. Rating case law requires that a hierarchy of use is
adopted, in the order shown above; i.e. only when a rentals basis is not possible
should the valuer adopt R&E, with the contractor’s basis being the method of last
resort.</p><p> </p><p>Solar panels are valued using either the R&E method or the
contractor’s basis, depending on the circumstances.</p><p> </p><p>Good quality CHP
is partially-exempt from rating. The rateable parts are valued using either the R&E
method or the contractor’s basis, depending on the circumstances.</p><p> </p><p>In
addition, if the solar panels or good quality CHP is a qualifying microgeneration
(below 50kW) installation there is a temporary exemption from rating which means new
schemes aren't assessed until the next revaluation takes place.</p><p> </p><p>Battery
storage technologies are valued using the contractor's basis.</p><p> </p>
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