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).
There are two multipliers for 2020/21:
- The standard non-domestic rating multiplier which is 51.2p in the pound.
- The small business non-domestic rating multiplier which is 49.9p in the pound.
Page owner: Vanessa de Chazal. Last updated: 15/09/2020 09:05