Business Rates
Business Rates are charged on most non-domestic properties, such as shops, offices, pubs and factories. They contribute towards the cost of local services.
How Business Rates are calculated
The Business Rate is the rateable value of the business times a 'multiplier' that is set each year by the government. The multiplier is the number of pence per pound of your rateable value you'll have to pay in business rates.
Businesses with rateable values between £15,001 and £50,999 use the 'small' business multiplier.
Businesses with a rateable value over £51,000 use the standard multiplier.
Standard multiplier
- 54.6p
For bills from 1 April 2025 the standard multiplier is increasing to 55.5p
Small business multiplier
- 49.9p
For bills from 1 April 2025 the small business multiplier remains at 49.9p
The table below shows the multiplier values over the past few years.
|
1st April – 31st March |
Standard Multiplier |
Small Business Multiplier |
|
2025 – 2026 |
55.5p |
49.9p |
|
2024 – 2025 |
54.6p |
49.9p |
|
2023 – 2024 |
51.2p |
49.9p |
|
2022 – 2023 |
51.2p |
49.9p |
|
2021 – 2022 |
51.2p |
49.9p |
Your business rates bill
Non-domestic properties have a rateable value, set by the Valuation Office Agency (VOA).
The rateable value of your property is on the front of your bill. It broadly represents the yearly rent the property could have been let for on the open market on a particular date.
The valuation officer maintains the list and can alter the value if they believe the circumstances of the property have changed.
You can appeal against the value if you think it is wrong.
You can download a copy of our Business Rates explanatory notes.