Information about Business Rates

Calculating Business Rates

Business rates are charged on most non-domestic properties, like:

  • shops
  • offices
  • pubs
  • warehouses
  • factories
  • holiday rental homes or guest houses

You’ll probably have to pay business rates if you use a building or part of a building for non-domestic purposes.

See the information below to find out about calculating business rates.

  1. How are Business Rates calculated?

    Each non-domestic property has a Rateable Value which is set by the Valuation Office Agency (VOA).

    The Rateable Value is shown on your bill and is based on the average yearly rent the property could have been let for, currently as at 1 April 2017.

    We work out your business rates bill by multiplying the rateable value by the appropriate multiplier.

    There are 2 multipliers:

    • the standard non-domestic multiplier
    • the small business non-domestic multiplier

    Your current multiplier will be shown on your bill.

    The multiplier is set annually by central government and determines the percentage of the rateable value of the property that you will pay in Business Rates.

    The multiplier usually changes each year in line with inflation.

    Year

    Standard Multiplier

    Small Businesses

    2018/2019

    0.493

    0.480

    2017/2018

    0.479

    0.466

    2016/2017

    0.497

    0.484

    2015/2016

    0.493

    0.480

    2014/2015

    0.482

    0.471

    2013/2014

    0.471

    0.462

    2012/2013

    0.458

    0.450

    You can contact the VOA online or you can call them on 03000 501 501.

  2. What is the Rateable Value of my business?

    Visit the Government website to find out the rateable value of a business.

    You will need to know the address and postcode of the premises.

  3. I don't agree with a Rateable Value

    You can appeal the Rateable Value of a property via the Valuation Office.

    Business rates will remain payable on the existing Rateable Value until the Valuation Office Agency (VOA) let us know about a decision to amend.

  4. Further help on calculating your Business Rates

    For more help with estimating your Business rates, visit the Government website.

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