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.
From 1 April 2022 businesses with rateable values between £15,001 and £50,099 use the 'small' business multiplier.
Non-domestic rating multiplier
Small business non-domestic rating multiplier
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.