The business rates you pay are calculated using the rateable value of your premises and then applying any reliefs that apply.

The steps are:

  • find the rateable value of your business (GOV.UK). This is an estimate of its open market rental value on 1 April 2015
  • check the table to find out which ‘multiplier’ to use. Apply the standard multiplier if your rateable value is £51,000 or more. Use the small business multiplier if your rateable value is below £51,000
  • multiply your rateable value by your multiplier. This shows you how much you will have to pay in business rates (before any relief is deducted)
  • take away any business rate relief (GOV.UK) that you’re entitled to. If your business rates are increasing as a result of the 2017 revaluation, this may include transitional relief (GOV.UK) so that changes to your bill are phased in gradually

Contact the business rates team

Telephone: 01732 844522