Business rates help to pay for the services we provide, such as education, refuse collection and street lighting.
Business rates is a local tax that is paid by the occupiers of all non-domestic/business properties, in the same way that council tax is a tax on domestic property. Business rates are charged on most business properties such as shops, offices, pubs, warehouses and factories. However, the property doesn't have to be used for a business - if it's used for purposes which are not domestic it's likely to be rateable.
Business rates leaflet
Download the business rates leaflet to find out about:
- How we spend your money
- Rates relief
How business rates are calculated
Business rates are calculated by multiplying the rateable value (set by HMRC), of your business property and the business rates multiplier (set by government). Multipliers are reviewed every year.
From 1 April 2017, the rateable value of your property will be based on the valuation date of 1 April 2015. This means you could see a rise in your business rates bill.
If your business rates bill has gone up following revaluation, it’ll gradually increase year on year until the full amount is paid. If the bill has gone down, it’ll gradually reduce over time.
2020-2021 business rates multiplier
The business rates multipliers for 2020-2021 are:
- 49.9p for small business
- 51.2p for other businesses
2019-2020 business rates multiplier
The business rates multipliers for 2019-2020 were:
- 49.1p for small business
- 50.4p for other businesses
Rateable value of your property
The rateable value of a property is assessed by the Valuation Office Agency (VOA). It's usually an assessment of the annual rent of the property, if it were available to let on the open market at a fixed valuation date.
The VOA regularly reassess and update the rateable values of all business properties usually every 5 years. This is called a Revaluation and is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market.
Make a business rates appeal
The rateable value of your business premises is set by the Valuation Office Agency. If you've been billed for business rates and don't think you're the responsible person for paying the bill please get in touch.
If you're unhappy with your business rates, you can make an appeal to try to change them. However, even if you appeal you must continue to pay your rates until the result of your appeal is determined.