You are here:

Understanding Business Rates

Understanding Business Rates

What are Business Rates?
How are Business Rates calculated?
The rateable value of your business
Business rates completion notice
Business Rates multipliers

What are business rates?

This is a local tax charged to those who occupy non-domestic properties. This charge goes towards helping pay for the cost of local services.

Non-Domestic properties include; shops, offices, industrial buildings, restaurants, schools, pubs, banks, caravan parks and land used for storage.

The difference between domestic and non-domestic property is not always clear, but we usually say that a property is domestic if it is used only as living accommodation. This can also include a private garage/outbuilding or garden used for private activity. Where a garage or outbuildings are let out or reserved for other purposes they may be considered 'non-domestic'.

Details of properties listed for business rate purpose and properties which we believe are empty are published on a monthly basis. If you think there is a business missing from our list then please report it here for us to look into.

How are business rates calculated?

The Valuation Office Agency, not the Council, is responsible for assessing the rateable value of a property. To find out more about your property valuation or to compare it with others visit the Valuation Office Agency's website.

The rateable value used to calculate the amount of business rates payable for your property is based upon its rental value. If you were to extend the building or change the way in which your business uses the space, the rateable value could be affected.

The amount of business rates payable is worked out by multiplying the rateable value of the property by the rate poundage set by the Government from 1 April each year. To view the list of past and present multipliers for England, visit the Business Link website.

The rateable value of your business

The rateable value used to calculate the amount of business rates payable for your property is based upon its rental value. If you were to extend the building or change the way in which your business uses the space, the rateable value could be affected.

The Valuation Office Agency, an agency of the Inland Revenue, is responsible for assessing the rental value of a property. To find out more on your property valuation, compare it with others, or to amend your details visit the Valuation Office Agency's website.

If you disagree with the rateable value, the ratepayer can appeal against the value shown.

Business rates completion notice

A completion notice is issued when a newly constructed building (or existing building that has been spilt or merged) is considered complete for non-domestic business rates.

The completion notice will state the building it relates to and the day which the Council considers to be the completion date.

A completion notice in respect of non-domestic business rates means that from the date indicated a maximum 3 or 6 month exemption period will be awarded provided the property remains unoccupied.  After the initial exemption has expired, full rates will become due.

If you wish to appeal against a completion notice, liability will continue as if the date specified in the notice had been determined as the completion date.  An appeal against a completion notice may be made direct to the Valuation Tribunal within four weeks of the notice being served on you.

Business rates multipliers

Business rates are worked out based on your property’s ‘rateable value’.

This is its open market rental value on 1 April 2015, based on an estimate by the Valuation Office Agency (VOA).

You can estimate your business rates by multiplying the rateable value by the correct ‘multiplier’ (an amount set by central government).

Your bill will be reduced if your property’s eligible for business rates relief.

The current and previous multipliers are as follows:

Non-Domestic rates - 2020/21 multipliers

  • Small Business Non-Domestic Rate Multiplier - 49.9p
  • Non-Domestic Rate Multiplier - 51.2p

Non-Domestic rates - 2019/20 multipliers

  • Small Business Non-Domestic Rate Multiplier - 49.1p
  • Non-Domestic Rate Multiplier - 50.4p

Non-Domestic rates - 2018/19 multipliers

  • Small Business Non-Domestic Rate Multiplier - 48.0p
  • Non-Domestic Rate Multiplier - 49.3p

Non-Domestic rates - 2017/18 multipliers

  • Small Business Non-Domestic Rate Multiplier - 46.6p
  • Non-Domestic Rate Multiplier - 47.9p

Non-Domestic rates - 2016/17 multipliers

  • Small Business Non-Domestic Rate Multiplier - 48.4p
  • Non-Domestic Rate Multiplier - 49.7p

Non-Domestic rates - 2015/16 multipliers

  • Small Business Non-Domestic Rate Multiplier - 48.0p
  • Non-Domestic Rate Multiplier - 49.3p

Non-Domestic rates - 2014/15 multipliers

  • Small Business Non-Domestic Rate Multiplier - 47.1p
  • Non-Domestic Rate Multiplier - 48.2p

Non-Domestic Rates - 2013/14 Multipliers

  • Small Business Non-Domestic Rate Multiplier - 46.2p
  • Non-Domestic Rate Multiplier - 47.1p

Non-Domestic rates - 2012/13 multipliers

  • Small Business Non-Domestic Multiplier - 45.0p
  • Non-Domestic Multiplier - 45.8p