How business rates are calculated

Central government sets the formula for working out your business rates.

The Valuation Office Agency will give your premises a rateable value.  We use this to calculate how much you should pay. We work out the bill by multiplying the rateable value of the property by a figure set annually by central government (known as a multiplier). 

Multipliers

There are two multipliers for 2020/21:

  1. The standard non-domestic rating multiplier which is 51.2p in the pound.
  2. The small business non-domestic rating multiplier which is 49.9p in the pound.

More information

How to check and challenge your rateable value (gov.uk)

Business rates homepage

Page owner: Vanessa de Chazal. Last updated: 15/09/2020 09:05

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