Calculating business rates

Calculating business rates - three key stages

There are three key stages to calculating business rates:

  1. The multiplier, an amount set each year by the government in line with the retail price index, is used to multiply the rateable value which then creates the business rate charge for the year
  2. The council then works out whether or not transitional arrangements apply
  3. Finally, the council deducts any rate relief which may be applicable

Relief can be awarded to:

  • Empty properties
  • Charities
  • Organisations not established for profit
  • Small businesses
  • Certain businesses in rural areas
  • Businesses suffering hardship

There are two multipliers:

  • The standard non-domestic rating multiplier (0.497). For 2017/18 47.9p 
  • The small business non-domestic rating multiplier (0.484). For 2017/18 46.6p

Last updated: 30/01/2017 09:15

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