Pay your business rates
The occupier of the property has to pay business rates, whether they are the owner or leaseholder of the property or not. You can pay your business rates in 10 or 12 month instalments, just like council tax. Visit our payments page to find out how to pay.
How much are business rates?
Some properties are exempt from rates. All other non-domestic properties have their business rates calculated using a rateable value and an appropriate multiplier.
The rateable value broadly represents the annual rent the property could have been let for on 1 April 2010. The valuation date is set so that all non-domestic properties are valued at the same time. This rateable value is set by the Valuation Office Agency, and will be recalculated in 2017. You can estimate the rateable value of your premises using the 2010 revaluation figures. If the property you are going to occupy is still under construction or is newly built, it may not have been assessed yet for rating purposes and there will be no entry in the rating list. You can write to your local Valuation Office or an independent advisor and request an estimate of the rateable value; you will need to tell them the address, the type of property, the internal measurements and the rent.
We use this rateable value and multiply it by the standard multiplier or the small business multiplier, depending on the size of your business. The government sets these multipliers each year. The current multipliers are shown on the front of your business rates bill, or you can find a list of all current and previous years' multipliers. If applicable, we then work out any transitional adjustment. This scheme ended on the 31 March 2015. Please contact us if you believe a transitional adjustment should be applied to your account.
Understanding your bill
The charge for business rates calculated daily and the period we are charging you for is detailed on the bill. Each year we will send you a rate demand in March in time for the first instalment in April.
The bill shows:
- how much you have to pay
- how the amount was calculated
- when you need to pay each instalment
- how much to pay each time